t the cat. what's so great about him? he doesn't have a workspace. the chevy silverado with the available multi-flex tailgate. find new adventures. find new roads. chevrolet. >> lee carter and joseph opinion, thank you, "varney and company" is right now. stuart: exactly 24 hours ago donald trump appeared in this program demanding accountability for the humiliation and afghanistan it wants president biden to apologize until the truth about what happened. six hours later he delivered a defiant account of his own afghan mess, he said the evacuation had been extraordinarily successful and could not have gone more

smoothly. when he was done he turned his back and walked away. this morning we are watching the taliban and take control, gunmen on the streets of kabul, terrorists striding around with the weapons and uniforms we left behind, joyriding in american helicopters, mock funerals with coffins draped in us and british flags and those left behind, the man in the center of that picture is afghan interpreter who rescued senator biden many years ago, he appealed to the now president biden to get him out. the taliban will kill him if they find him. this is not over. the confidence of the most senior officials are in question and so is the president's ability to lead for another 3 and a half years. here we go again. another market rally, same story, afghanistan doesn't count on wall street. the wall of money from the federal from congress that has investors fired up.

a lot of us, me included wringing our hands and anxiety. it can't go up forever but stocks are still going up. the dow will be up 70, 80 points and the nasdaq another 50 points. the yield on the 10 year treasury coming in at one.30%. bitcoin roughly 48,$000, 47-8 is the current. on the show today a biden, from humiliation abroad to socialism at home. you lose over there but win over here with free stuff, that is the strategy of the 4-star general passes judgment on the biden speech, wednesday september 1st, 2021. "varney and company" is about to begin. >> president biden: extraordinary success of this mission was do to the

incredible skill, bravery and selfless courage of the united states military and our diplomats and intelligence professionals, 90% of americans in afghanistan who wanted to leave are able to leave. could this have been done in a more orderly manner? i respectfully disagree. >> the withdrawal was an absolute humiliation of the united states of america. the best thing he can do is apologize. many people are left behind, not 100 people, you will find out it is many hundreds of people, those people are in serious trouble. he handed them a country on a silver platter. stuart: president biden touted the withdrawal from afghanistan as an extraordinary success, trump called it an absolute humiliation. lawrence jones is at the keystone grill in virginia.

tell us how people are reacting to the president's? >> this is a military town and people are passionate this week. the thing i continue to hear is we don't leave our people behind. the mission was to kill the terrorists. no one objected to leaving afghanistan. the fact that we left our troops, then go back and still leave more of our people there and people are upset about it and a slap in the face and dishonorable. that is my camera man, honoring the 13 servicemembers that gave up their lives, ultimate sacrifice to go back and get our people, the president of the united states completes that mission. it is dishonorable for a lot of people that are here today that are veterans, that have to

witness their friends go through this mental turmoil because how they feel the president handled and if their service was in vain. that's what i'm hearing on the ground. stuart: the diner is 5 miles from fort lee. afghan refugees began arriving at that base a month ago. how have they been received, is there welcome mat put out for them? >> reporter: for lee is the number one place where all refugees are going, have been processed and given services there. a lot of the organizations on the ground are providing the services for their folks because you cannot get on that military base without military id. so they are on the ground

providing service. sometimes you have children with hygiene products. they are stepping up. they are grieving the loss, upset about what the president has done but providing services for those refugees that are being processed on the ground. stuart: as always thank you very much. we will see you again. i want to take a look at these photos. taliban supporters held a mock funerals coffins, and british flags after they have taken over kabul airport. good morning to you. describe what is happening with the taliban and taking control. >> it is one of many across afghanistan when american troops left for good. this mock funeral happened in eastern city, also shows taliban fighters waving their guns come our guns in many

places interesting these people for throwing a mock funeral for america to get american citizens and our allies out. stuart: now let's move on because according to transcripts reuters obtained, president biden pressured exiled afghan president gandhi to change the perception of the taliban's progress. >> it was a july phone call and president biden said i need not tell you the perception around the world and in parts of afghanistan that things are not going well in terms of the fight against the taliban and and there is a need whether it is true or not to project a different picture. he knew what was going on on the ground, tried to spin it. it was never another phone call between the two presidents and that reinforces he is out of touch.

stuart: let's look at stock prices going up again this morning. the rally has faded a little but we are green are cross the board. shah gilani is with us and he should be a happy man because he's been right on this rally for years. the higher we go the more nervous i get. is that everyone else is telling you? >> a lot of investors get nervous in these markets because we can't possibly go higher in the higher we go the more things look crazy from valuations and then knock the markets down. something has to happen to break the markets and people step back. this is been going on since 2009. he keeps fresh money on the sidelines. people miss the next leg of the rally.

this is a wash wind, investors are smiling and saying this is nothing but a joyride. investors who have been on the sidelines, they get out of the market and they've missed getting back in they are still problematically behind investment. stuart: it keeps going up? sound like a dumb question and it was you who called me a broken record for asking it over and over again. will we keep going up for the foreseeable near-term future? >> i don't worry about what i cannot see. in terms of that i don't see anything. investors and analysts, earnings growth has been prevented, we can't see earnings grow better. no guarantee they are right or

wrong, until earnings actually turned down why worry about it. until the economy turns down don't worry about it. the economy will continue to grow. if things turn around and the economy doesn't grow 7 to 10%, it goes 3% to 5% that is fabulous growth. the economy will provide greater earnings, greater profitability and investors who stay the course. stuart: before we close are you telling any of your investors to sell anything at this point? >> no, absolutely not. this has been the rotation market, tech stocks go up and down a little bit. cyclicals come in and go down 20% off of recent highs but another opportunity. the economy will grow and

earnings grow and profits are at records. investors need to stay the course and figure out what they should be done which is stay invested. stuart: one of these days you are going to be wrong. it hasn't happen often but one of these days. thanks, congratulations for being right for so long. one more check of the futures up 40 for the dow, nice gain, nasdaq up 45%, 41%. an interpreter who helped rescue then senator biden in 2008 is one of many afghan allies left behind enemy lines, the interpreter is not in this shot but he is begging the president for help. we all watched the administration's withdrawal from afghanistan and it raises the question who is calling the shots.

rick grenell -- ric grenell thinks susan rice is behind it all. we are going to follow up on that. ♪ music playing. ♪ there's an america we build ♪ ♪ and one we explore one that's been paved and one that's forever wild but freedom means you don't have to choose just one adventure ♪ ♪ you get both. introducing the all-new 3-row jeep grand cherokee l jeep. there's only one. jeep grand cherokee l we did it again. verizon has been named america's most

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>> the previous administration's agreement said if we stuck to the may 1st deadline they signed on to leave by the taliban wouldn't attack any american forces but if we stayed, all bets were off. i was not going to extend this forever war and i was not extending the forever protection. >> also to have a victory in

terms of getting out and getting out with dignity and you could say with victory and it was all lined up. the taliban and was petrified of us. i said every male, every screw, i want everything out and the people out obviously you start with the people and the equipment. stuart: one deal, two different stories. general jack keane joins us now. you have firsthand knowledge of the taliban deal that was broken, tell us more because it was a crucial point. >> what is so disappointing is president biden is misrepresenting the facts particularly when it comes to the false choice he says he had to deal with, one is get out, complete with roller escalate, thousands of soldiers to fight the war again, that wasn't the choice, the choice is 2500 on the ground, no fighting, air support and intelligence is what they are doing or just pull out completely. after the trump deal that is

another misrepresentation. there was a date certain, may 1st, which president biden is citing but that was based on the conditions that were in the deal that the taliban and had to abide with and they violated both of them. one is they had to separate themselves from outside, publicly rejected and make certain there was physical evidence of the separation, we knew in my mind that would never happen and it didn't happen and the second thing is the taliban would enter political negotiations with the afghans to eventually power share with leaders in kabul. that did not take place either. secretary as per said at the signing of the deal between the united states and the taliban

and publicly said this is a condition-based withdrawal that the united states is undertaking and if there is a breakdown in the progress in the peace negotiations if that progress is suspended the withdrawal will be suspended as well. what he says may 1st, there was a may 1st, we don't know what donald trump would have done if he was reelected but based on the conditions that were in his deal it sounds to me he wouldn't have pulled out on may 1st because the taliban and violated the deal and biden offhandedly dismisses that, doesn't even include that in the conversation. went to a date certain of august 30 first which the next month the taliban and he announces on april begins a major offensive knowing the united states is tearing down 7 military bases and cia bases and would not support the afghan security forces on the ground which led to their call's.

this is a misrepresentation nation of the fact that took place prior to the president coming into office. when he entered office on january 20th it was accepted knowledge that the taliban had violated the conditions of the trump deal with the taliban and he ignored it. stuart: listen to what ric grenell told me. i asked him who he thought was calling the shots on afghanistan. role tape. >> who believed susan rice is running domestic policy, she's working on medicare and medicaid policy, no one believes that. remember when she was national security adviser you know her deputies were? one was april haynes who is running our intelligence program. the second was anthony blinken, secretary of state. both for susan rice's secretary, hand-picked to run these agencies, she is in charge. stuart: looks to me that that

looks like the long arm of obama reaching into the biden administration calling the shots for the president. what do you say? >> no doubt many of the people in foreign policy and national security arena supporting president biden are largely all people who worked in the obama administration. i have no idea how much influences and rice may have with the president but this much i do know. the president really owns this decision and to claim that afghan is a success in some way or even a victory misrepresenting again rather significantly. we have turned over afghanistan to a terrorist organization that enabled 9/11 with al qaeda. it would be an epicenter of international terrorism, the isis is going to grow as will the al qaeda inside of

afghanistan. he owns that decision, he dismissed the military advice and his own advice from the central intelligence agency that didn't want them to make this decision. they wanted to keep a small modest force there. he established date certain, get out as quickly as possible and that sent into an uncontrollable chain of events we have seen happen as a result of that and turned into a national disgrace. stuart: here we are now, national disgrace. stuart: an interpreter who helped rescue then senator joe biden from afghanistan has been left behind. take me through it because i think that interpreter is speaking out. >> he doesn't want people to know who he is. he goes by the name mohammed. that's not his real name. he helped biden and others when their helicopter was forced to land in a snowstorm back in 2008 and president biden used

that experience to campaign with president obama. >> if you want to know where al qaeda lives, you want to know where bin laden is come back to afghanistan, back to the area where my helicopter was forced down with a 3 star general in 3 united states senators, 10,500 feet in the middle of those mountains. i can tell you where they are. >> come find me now. don't forget me now. he wants to get himself and his four kids out. stuart: we have seen the last of this. it is not over. thank you very much. quick check of futures. 7 minutes before the market opens i am seeing some green but not as much green as i was in half an hour ago. "the opening bell" is next. ♪♪

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>> it is by and man stay. on september 1st, new month ahead, when it is historically scary about investors, how many records is a record. the 50 third new closing high monday. with the s&p, having doubled from its pandemic wealth. i think we are going to melt up. we will see new highs again for the rest of the year in september will get busy with a lot of ipos right after the jewish holiday. stuart: sweet green is coming to market.

i understand you like them. how can you make money from expensive salads? what is so attractive about very expensive salads? >> people have got to we write. $15 a salad them your investing in your health and eating well. you look at millennials and they have a focus on nutrition, health, sweet green is a food tech company in terms of how they serve up food from local folks so it is an exciting place with a fabulous product but we will see a lot of great consumer names coming to market. it is going to get very busy but we will see new highs ahead for the market. stuart: are you an investor in sweet greens? >> i am an investor and equity holder for the last several years.

stuart: it is going public at the end of this year. >> they will be going public, they filed confidentially. i don't know what the timing is but i expect to see them trade publicly. stuart: are you a billionaire yet? >> trying to get to your statue. stuart: keep us up to speed on your personal wealth situation. >> go get a salad. stuart: longevity is the name of the game. it is 9:30 eastern, september first. world war ii began 82 years ago. the dow is up 18 points. the s&p is higher. the nasdaq on the upside. i presume big tech is doing

pretty well. microsoft up, out for bed, facebook on the upside yet again. show me neo, it is down 4%, supply chain trouble. >> it triggered to thousands, supply problems in china and malaysia related to the chip shortage, 23,000 vehicles this quarter. a record amount of cars last month. stuart: the supply chain hits all over the place. a big deal in the world, what are they dealing with? how much and why should i care?

>> a report from bloomberg, they are for email or digital marketing. the biggest deal into it, both companies target small influences and offer more from a business, and that is a flat stock. it wasn't $10 billion potential. stuart: why should i care? crowd strike. the cybersecurity people, wise the stock down? >> stock is down, many upbeat on the company.

great brand recognition. 81 increase in the number of survivors -- stuart: they can't make money. guidance is slightly light. in the cybersecurity space, live up to expectation. stuart: i love the load -- logistic jujitsu of you. >> can't 5 top-of-the-line bottom line, the list for words. stuart: campbell soup up 3%. >> we forecast for profit and sales for fiscal 22, they say we are not eating as much soup, soup sales 21%, and what is going out. the aluminum cans cost more, the oil costs more, inputs are

going up. stuart: campbell soup at $42. their earnings that came out before the bill. they've done exceptionally well in the increase in pet ownership during the pandemic. >> usually popular company expect it to report revenue to rise 20% topping $2 billion. that is the story there. cloud identity control, another booming space. it is 48% and they are losing money too. so -- love this story. not just the investors are foolish, this new section in the store for under $5.

it is 10 below. they branched out to get the money, 5 below becomes 10 below. stuart: stock is up 80%. the dow is up two points and those are the biggest winners, microsoft in second place, big tech doing well. the s&p 500, the winner there, the biggest gain so far, can't even read it, don't know what they do but top of the 500 list. nasdaq, the winner, top of the league is apple. they are up one%. virgin galactic, they are an investment firm, room to run,

$27 a share now. where they going? >> $33, space tourism is $120 billion market. $1.7 billion in annual revenue from 2030. people want to go to space and have the money to do so. greg conrad did a private survey of rich people. not only are we willing to go to space and willing to spend 5% of net worth to get there. >> annette rich people crowd. stuart: the prompter says check the big board. and one.0%, and 18, 19 to be precise. it is 68, $69 a barrel.

the opec meeting starts today and it is down one.2%. it is shamelessly defend leaving americans behind in afghanistan. >> irresponsible to say americans are stranded. >> americans get stranded in countries all the time. >> 90% of americans in afghanistan who wanted to leave were able to leave. stuart: clearly they all want to move on from this disaster but i don't think they will be able to move on. i don't think they can do that. shocking video shows a heiskell teacher admitting he wants to turn his students into revolutionaries. we got the tape and will show you exactly what that man said. ♪♪

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stuart: what is going on with apple, it is in a new high, up $154, we have a answer. >> the watch contract your blood pressure and other health measures was that the bike you where is going to know a lot about you and your phone, eight states are rolling out this feature that lets you put your driver's license or state id information into your phone so when you go to the airport you have to show it. they have everything on them in one place. stuart: this is a wall street journal story that says the smart watch will include a tool to tell users when their blood pressure is increasing and a thermometer to help with fertility planning. >> apple is your doctor, your gate agent at the airport, it is -- the list goes on and if you own it you are making money up 12% this quarter. not including the game today.

stuart: that is good stuff. let me tell you about walmart planning to hire 20,000 supply chain employees are wrapping up for the holiday season. the jobs will be a mix of full-time and part-time. some companies changing policies to combat worker burn out. >> that is creating a culture, prioritizes mental health. to combat burnout -- i like how you know that. linked in said it in april economy got a week off, thus pushing the return to the office dates back again. don't come back until january

and after january 10th, and determine your mandatory return. raymond james, florida, huge spike in inflections, they pushed back to october 11th androids a bank, unless you are vaccinated. stuart: a real change in the workplace. thank you very much. check the market one more time. a mixed picture, the dow is down, a solid gain half a percentage point. the gentleman waiting to get on the air is john lansky. i follow an analyst named peter bookvaare. he says we have stagflation, a slowing economy, stagflation and inflation at the same time. what do you say to that?

>> happens to be growth and higher prices, it is the consequence of higher-than-expected prices. stuart: are we going to slowdown more and inflate some more. >> that is the case going forward and one thing that is striking, already have as many signs of a tightly the market, considerable upward pressure on wages, it is a relatively high unemployment rate of 5.4%. the unemployment rate moves lower towards forward. it is 5%. stuart: we are talking changes

in the workplace and the workforce. we see businesses increasingly requiring vaccination. that pushes people out of the workforce, keep them at home, and encouragement to go on remote, changing the workplace, what say you to that? >> it reduces the supply of labor in general, if people reduce, to get the vaccination. i am not a big fan of remote work, for younger employees that are echoing the workforce starting their job after graduating from college. it robs them of the possibility of advancing their career prospects, improving their productivity at the workplace. this remote work, productivity

growth, it lessens the growth of output and as a result ads to price inflation. stuart: 10%, a real problem. thank you, see you again soon. the white house just unveiled a new plan to address the housing shortage. >> they are planning to add 100,000 affordable homes to the market over 3 years. that's not a lot. that is what they can do now. immediately. stuart: immediately? you can't build houses immediately, you need to conform to all the regulations. it raises the price. >> the stuff can move faster, what they are doing, a manufactured home made in a

fact, increasing financing opportunities. so they have access to the money. stuart: god for but you cut red tape but what do i know. president biden believes his afghanistan withdrawal was a success. he told me we all deserve an apology. >> best thing he can do is apologize to the american people, we should have withdrawn but we should have withdrawn in a totally different way. stuart: that is the taliban and with our military gear. does that look like success? we will be back.

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yesterday we were showing you these pictures. the taliban dressed up in american uniforms. fast forward to today, caliban

supporters holding lock funerals of americans. congressman, you are a retired air force colonel, how do you feel when you see the enemy prancing around in our uniforms with our weapons? >> as you mentioned, my last assignment on senior staff, and i can tell you i know leadership and this is not it. president biden represents everything that is wrong in washington dc. he has never held a real job, nearly 50 year politician, never signed the front side of the paycheck and he has demonstrated failure of leadership. this is the worst strategic planning and execution failure of modern american history. i am appalled and every american i talk to feels the same way. stuart: what can we do about this? do you expect to see some hearings in congress to find out what happened and who is to

blame and who should resign? will we get those hearings? >> i hope so but i already called for secretary blinken, secretary austen, chairman of the joint chiefs of staff millie. if this is the plan they gave the president they need to apologize to the american people and redesign and if it is not the plan they gave to the president then they should stand up to their moral responsibility and tell the american people how unfit president biden is. i don't know if nancy pelosi and chuck schumer are going to allow the proper investigations to go forward. i can tell you republicans are going to be calling for it and if we win the majority back next november you can better believe we will be digging in deep to find out what went wrong. stuart: trouble is we have another 3 and a half years with

this team in place. you might lose a secretary here or a director there from a resignation but the basic team is with us for 3 and a half years. what do you think? is america in a tough spot? >> america is in a tough spot because i don't think biden is qualified to sit in the white house but i also don't have confidence in vice president harris. she has demonstrated with her performance as border security czar how she has handled that, she's not up for the job either. we really are in a tough place. this administration is reckless. we have seen it time and again. it was under the biden obama administration that they gave the iranian's billions in cash, now look at what they've done by leaving all of this equipment, taxpayer-funded

equipment in afghanistan. stuart: it would not surprise me to see us by the freedom of those americans left behind. i'm out of time but i wish you will going from the military to politics. hope you are enjoying yourself, thanks for being here today. check those markets for 25 minutes in. solid gain for the nasdaq, big tech doing well, up half a percentage point. small loss for the dow. liz peek, ohio congressman jim jordan, second hour of "varney and company" next.

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♪. stuart: good morning, everyone. 10:00 eastern. straight to your money. it is a new month but the rally certainly on the nasdaq continues. the nasdaq is up half a percentage point. the dow is down a fraction. 10-year treasury yield. it was 1.30 a few minutes ago. now it is 1.29. big tech, look at apple please, all-time high for the stock, $154.23 a share. big tech doing very well all

across the board today. bitcoin 47,500 bucks per coin. important economic indicators just received by us. it is the manufacturing sector. how are they doing in august? lauren: very well. the number came in stronger at 59.9. it is final read in august. fed will look at number, prices paid component, is inflation out there, how is that related to the job market. so far factories are able to keep supply out there and meet demand. stuart: any reading means expansion. lauren: not bad at all. stuart: thank you, lauren. now this. president biden was defiant and dishonest. he did not deliver a truthful account of the afghan debacle. he blamed others. he glossed over the bad decisions he had made. he did not hold himself

accountable for anything even though america has been humiliated. when he was done he did what he so often done before, he turned his back and walked out. it was if he was turning his back on the whole subject. "wall street journal" suggests he may never mention afghanistan again. he may want to move on but he can't. there are thousands of people left behind and what happens to them will bring back biden's betrayal. every execution, every atrocity will be on him. it will eat away at the prestige of the presidency. it will eat away at his political clout. he is diminished. so is his team. you can't be run out of town by a ragtag band of terrorists and claim any kind of victory. your credibility is in shreds. he said the evacuation as extraordinary success. if that is your judgment, trust in your judgment has been undermined badly. the president's leadership is in

question, and there is another 3 1/2 years to go. that is where we are. second hour of "varney & company" just getting started. ♪. stuart: liz peek joins me now. liz, the president's leadership is in question. do you agree with me on that? >> i don't think there is any leadership, stuart. what leadership? this president has shown himself to be all the things you mentioned but also dishonorable. to basically take no responsibility for one of the worst catastrophes in the history of our military is really unconscionable. to not demand the resignations of the people who gave him bad advice is also unconscionable. joe biden is a failure and i honestly think the american people have finally seen his mettle. thank heavens. by the way we have another point

of view, another approach that we just saw under president trump. president trump basically led from strength. he knew that the world was a safer place when the united states was stronger. what we're seeing now is the world taking the measure of joe biden. not just you and me, people watching him on television. it is also vladmir putin, president xi and our adversaries around the world who are basically coming to the realization that the united states has no red lines, we will abandon our allies. under this president we will not use the strength of our military our economic might to put america first. that is the tragedy that we are watching unfold. stuart: now, i think he wants to pivot. you lost over there. so pivot to domestic policy here and push socialism. push the 3 1/2, 4 1/2, five trillion dollar spending plan. do you think he is politically diminished to the point he

cannot push through that socialist program? or will the moderate democrats rally around him, the left rallies around him and gets through socialism as a winning position for 2022? what happens here? >> you're already seeing democrats trying to suppress discussions about afghanistan, the reading of the names of our fallen heroes in congress and so forth. what absolutly has to happen, stuart, i think his diminishment as you describe this will help this. republicans must take control of congress. they must initiate serious investigations into what went wrong in this hasty, botched withdrawal from afghanistan. and i think the american people need to stay focused on this. by the way, in the upcoming election that is going to happen because a lot of republican candidates are military veterans. they will remind the voters difference between republican strong leadership and

joe biden's fail leadership. that will be a very powerful reminder how horrible the events of the last couple weeks have been. by the way we'll see reminders of that all the time. there are going to be, there are, we know, despite the administration's claims there are hundreds of americans left behind in afghanistan. my guess is we're going to see pretty horrifying stories what happens to those people and to our allies there. how can that not hurt this current president? if it derails five trillion dollars in unneeded and excess political partisan spending, i hope that happens because this country cannot afford to put in charge of that much money the same idiots that delivered horrible events in afghanistan. stuart: we'll leave it at that liz peek, thank you. we'll see you again soon. >> thanks. stuart: the markets showing a

mixed picture. excuse me, solid gain for the nasdaq, minor loss for the dow industrials. look who is here. michael lee the man himself. we used to call him super bull. sometimes we call him mr. right, whatever he prefers. i read your stuff. i do read your stuff. you say only one thing can stop this rally. i think i know what it is. it is the fed, isn't it? >> well, yes it's the fed. if the liquidity landscape changes theman threat to liquidity right now is the federal reserve coming in the form of a very aggressive taper, and flipping the light switch to rate raises. that could spook the market. i don't see that happening right now. if we take a step back market is on a outstanding bull run. stocks are 5% cleaner on forward price to earnings basis than they were on january 1st. $4 trillion of money markets on

the sidelines. 3 trillion of announced corporate buybacks. looks like the market can keep going forever but if the something were to happen. the fed gets overaggressive, some exogenous event of bankruptcies and fraud, only things that can take out the market, my price target is basically infinity and beyond. stuart: you are a super bull. infinity and beyond. one of these days you will be wrong. mr. lee, thanks for joining us. good stuff. >> thanks, stuart. stuart: we have got movers. there is always stocks moving. delta is not doing that much. lauren: airlines are down. delta is one of them. the tsa screened 1.3 million passengers. stuart: that's all? lauren: lowest since may 11th. delta variant impacting delta air lines and other airlines. people are taking a step back. stuart: wow, only 1.3 million.

lauren: 1.345. stuart: couple months ago it was 1.7 million. before that it was 2, 2.1 million and now 1.3. slow down and a half. lauren: looking for year-over-year number. stuart: what do we have on moderna. not moving much. is there news? lauren: news on moderna they see no evidence at least not yet two deaths in japan related to the recall were because of vaccine. stuart: dph. top performer i couldn't read. squinting away at the screen there. who are they, what are they doing, why are they up 15%. lauren: clothing, calvin klein, tommy hilfiger. they expect logistical issues, expenses, supply chain issues will cause delays of four to six weeks. that's it. the worst that they see. they think the worst is behind them. i were investors like that. stock is up 15%. bad news is out there and can

see on the other side as you might say. stuart: will do my holiday shopping very early to avoid bottlenecks. might even start today. look at alphabet, record high. that would be google. call them the proper name, google, record high. the story they will start using their own chips in the chrome books? lauren: according to reports. that would start in the year 2023. it is a major blow to intel and amd who currently supply chips for google right now. this is alphabet controlling more of its production, more of it the sourcing. might have been helped by apple started using this. apusing their own chips for the google pixel 6 phone. stuart: update nio. we have google on the screen. let's do nio, down 1%. update the chip shortage, supply chain shortage. lauren: because of the shortage

they cut their delivery outlook for the quarter. cut it by 2000 vehicles. when you look at china, supply chains there, covid restrictions. covid infections. having to lock down, everybody is affected some more than others. so this is a blow for nio. their rival lee auto seems to be doing better in their in deliveries. stuart: their, lauren. coming up we have for you one high school teacher brags about turning teachers into pro-antifa revolutionaries. roll tape. >> i have 180 days to revolution narrowingsries. >> how do you do that? >> [bleep] stuart: is that teacher still employed? we will tell you. no jab, no travel? the cdc director issues a warning for unvaccinated people ahead of the labor day holiday. interpreters who once helped rescue joe biden in 2008 on his visit to afghanistan is one much thousands now left behind.

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♪. stuart: afghan interpreter who helped rescue president biden, then senator bide back in 2008, that man has been left behind. that man is making a desperate plea to the president to save him and his family. peter doocy joins us. peter, do we know if his message to the president has gotten through to the president? reporter: not clear yet, stuart. i will explain why in just a second. the desperate plea you're talking about is printed in "the wall street journal" by the interpreter going only as mohammed. he says, hello, mr. president,

save me and my family. don't forget me here. last night as of the close of business, this was the update. >> i don't believe the president has yet seen late this afternoon. we're going to try to get every person out. reporter: all right. they claim they will help every afghan that helped america out of the country. this mohammed was part of a day impactful to president biden. he told the story at the white house many, many times. in the white house 2021 and back in '08. >> if you want to know where al qaeda lives, you want to know where bin laden is, come back to afghanistan with me. come back to the area my helicopter was forced down with a 3 star general and three united states senators at 10,500 feet in the middle of those mountains. i can tell you where they are. reporter: taliban fighters own

the streets of kabul but president biden had said the chances of that happening were unlike. >> i don't think anyone assessed they collapsed quickly as they did, anyone in this room, anyone in the region, anyone where in the world, if you had anyone who did i would be surprised. reporter: the president did not keep troops in kabul until every american was out as he said he would. now he says that if anybody is stuck or left behind it is because they ignored 19 warnings from the state department to leave. stu? stuart: blaming everybody. peter doocy, you're a star. thanks for joining us, peter. reporter: thanks. stuart: look who is here now, jim jordan. talk of stars. here is another star, jim jordan o o jhins now. t'ets gio suser s goi etng innn cons to i w t bme? onnththth wth wenthw are w oing toseho gs? >>opee but i i i i m ea tocrats inge.ar ar ari doarnk t tll w t w t wak wae

coe h h h hris.ear- ylfananan w itbt d d t d docra w do peomee wplpl me all th decisisio ledis lis fghanifgrean t ahe a me run foreignicyback iban the n situatiotun,tuat gavee ussib,,, be s.titi sherman, rice. bring intel community. bring in adam schiff. what intel information did he get? those are the kind of people who should be brought in. but i doubt if the democrats will do it. stuart: those are the key people perhaps subject to resignation but probably won't be. >> of course. stuart: which means we have this team in place for another 3 1/2 years. i don't think a lot of of americans have a great deal of confidence in this team. i think we're stuck with them. what say you? >> well, of course they don't have confidence. yesterday the president of the united states said that this was an extraordinary success.

i mean 13 servicemembers were killed. you have hundreds of americans stranded and left behind. you have thousands of our allies left behind including a guy who helped president biden 13 years ago. this guy named mohammed. then you have billions of dollars of equipment and weapons left there as well. what did jake sullivan say yesterday, they're thinking about paying the taliban. they call that success? so of course americans have no confidence in this foreign policy team. but frankly i don't think they have any confidence in president biden. tell me one thing he has done, this administrations, one thing they have done has been successful in the eight months they have been running the government? not one. the border inflation, crime you name it. everything has been bad. this is embarrassing, this is frighten, what happened in afghanistan is not frankly surprising of what we've seen in the president's administration. stuart: when he finished the presentation, he turned his back on the audience he walked out. it looked like he turned his

back on the whole subject. i don't think we can. i think we have thousands upon thousands of people in afghanistan, kabul, especially who are now hostages. as you say we're in the process of buying them out. we'll be played with for months to come. >> yeah. he can't turn his back on this situation. the american people aren't going to let him. he can't turn his back on the debacle of the southern border, month after month we see record illegal crossings, month of july 212,000 illegal crossings. can't turn his back on inflation. can't turn his back crime is up in every major urban area. he can't turn his back on all the bad policies and bad decisions they have made. as i said i think the american people will hold him accountable. unfortunately we can't hold him accountable until 14 months from now until the midterm elections. i think it will happen. you will see republicans back in charge of the house of representatives, and hopefully the senate as well. stuart: unfortunately you could

say the news cycle moves real fast, people's memories are paid, early part of next year, they're presented with free money, free stuff by the democrat administration that may turn a few minds, that may change the equation in 2022, what do you say? >> but it is not going to change inflation. we know purchasing power of the dollar is down. real wages are not where they were under president trump. >> that's true. >> we know the situation on our border, stuart. march was the highest month on record for illegal crossings until april. april was the highest month until may. may was the highest month until june. june was highest month until july, where i said 2 is -- 212 crosses took place. my guess august will beat that trend. this president left people, left american citizens in afghanistan, left americans behind. i don't think the american people forget that.

this great country, the greatest nation ever is not supposed to do that but that is exactly what the commander-in-chief did. stuart: thanks for joining us, jim. always a pleasure. we need you. meanwhile the taliban celebrating our exit from afghanistan and making a pledge, not sure that is the right word to use here. what are they promising to do. lauren: they projected themselves as being more moderate taliban but taliban 2.0. they promise they will enforce strict islamist law, sharia law. women would be mostly affected. i was talking to one of the exfiltration experts trying to get american university students out. they ran out of safe houses. they worked 20 years with the united states not knowing that strict law. the taliban is going to their houses.

showing the roster. putting x's on their doors. they are in safe houses to get out. they are so scared of this regime. stuart: that is the on going story. what happens to those people left behind. the brutalization. thank you, lauren. quick check of the market. dow still down 40 points. nasdaq up nicely 87 points higher. the dow winners headed by apple. there is news on them and what they will include in their apple watch, what it can do for you. we've got the story. s&p 500 winners headed by, oh, bvh. they're the clothing people. who do they represent? lauren: calvin klein. stuart: i don't have to squint for that. apple, $154.74 per share. now this, power starting to come back for some in louisiana. and with it, now you can see the scope of the devastation. live report from lafite, louisiana next. the cdc says nearly 3,000

people reported heart inflammation after getting their covid jab. is that a cause for concern? i will ask dr. siegel about that after this. ♪.

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stuart: all right. nasdaq still up. it hit an all time record high earlier. the dow is still down a mere 36 points. show me big tech, there is real action there. google has hit an all-time high. right now it is at 2912. apple i think that is an all-time high, 154.60. microsoft doing very well indeed, thank you very much. power is returning to some residents in louisiana and grady trimble is there. as the power comes back on again, grady, what kind of damage are you seeing? reporter: it is devastating, stuart. we're in lafite, in an area where only first-responders could get to yesterday. now they're letting locals come back in to assess the damage for themselves. you can see all around us, we are absolutely covered in mud everywhere you go.

the floodwaters came into this area, over last several days have been receding. some houses back here are on stilts. unfortunately some of them like this one are not. the water rose six to 10 feet back here. so many of the homes that are not extremely high up on stilts got flooding. even people on stilts parked cars underneath the house in many cases. those cars are flooded too. this is what we're seeing here. if you turn around this way, that boat doesn't look like it belongs there. we're seeing things strewn about, the floodwaters carried things. trashcans, mailboxes, just landing indiscrimminantly as the floodwaters finally start to subside. you mentioned the power outages. just under a million people in louisiana are without power, which is a slight improvement from yesterday. you can actually see up ahead. there is a line crew, first one we've seen back in this part of lafite.

so that is promising. they have a lot to deal with back here, including the mud which makes it hard to drive and turn around in certain places. they have to be careful as they come back here to assess the damage. some people started to make insurance claims. the estimates that the claims will be anywhere between 15 to $20 billion from this storm. but that number could go up as people get back to hair homes, to see what the situation is truly like in some of the hardest hit areas like this. this is unbelievable, when you see the damage. what is most amazing, we've been talking to people throughout the last several days who rode out the storm in this area. we asked them if they would do it again. a lot of them said, yeah, i would. some of them said when we asked them why they rode out the storm here, they said because we had nowhere else to go. stu? stuart: grady, we spend a lot of time on politics and money. i think it is good to have some human stories, just show the

human side of that devastation. you did it for us. thanks, grady. see you again soon. the cdc says over 2500 cases of heart inflammation were reported after getting the jab. dr. marc siegel joins us. 2574 cases, is that a cause for concern? >> well, i would put it this way, stuart, it is certainly a cause to be keeping a eye on this. but a big study from israel from noam who i will interview tomorrow actually, he pointed out 42 days after the shot, there is 3% shot of getting that heart inflammation, but 18% chance over the same period if you have covid. if you have covid you get a much more severe case than you get it from the vaccine. about one to five out of 100,000 people. usually around 25 or younger. it is not something to ignore but you got to ask yourself, what's more risky, the vaccine or covid?

if you got covid you also have risks of other things like blood clots, all kinds of complications we've been talking about for a year. for me, in the vast majority of cases i go for the vaccine. it is something to be aware of. stuart: the cdc says unvaccinated people should not travel over the labor day weekend. what do you say to that? >> i wonder who they are talking to. you think anybody will listen to that? i think the cdc should focus on things people will listen to. the scolding business, the finger, right? hey, you, don't do that. you think people aren't going to travel? i like when they said try to stay outdoors by the way because the weather still good. so reminding people you're much less likely to spread this outdoors is a good reminder but they will not have any impact on travel. it just makes them look bad. the thing to tell people, hey, you're much less likely to spread this on planes. planes have great filtration. that planes have very good circulating air. studies have shown you're much

less likely to spread it on planes. wear a mask on a plane. you will not stop travel. airports are what you have to worry about. stuart: bring this up to you as a doctor, apple planning to add new health features to the smartwatch, track blood pressure or temperature for fertility planning. how does a doctor respond to that. would you use that measurement from a apple phone to your patients? >> you're talking to a different doctor than a year ago. a year ago, it is too remote. i don't have quality control. after a year of televisits i love it. a lot of time on a tell televisit i don't know the blood pressure. a woman getting pregnant body temperatures matters a lot. the apple can give me a lead after single ekg.

the more information i have the better. by the way technology is the key to this whole pandemic, isn't it? it is amazing. stuart: you guys hate the internet because everybody self-diagnoses, you hate that? >> they can come to me. if they trust me they come to me with what they googled, i say well, that's right, that's wrong. stuart: doc seeing guesstimate you are all -- doc siegel, you'e all right. thanks for coming to us. >> thanks. stuart: former president trump said presidentwide should apologize for the afghanistan crisis. president biden is doing anything but that. bret baier is after this. have you seen how absurd the prices of ubers and lyfts have become recently? we'll tell you why they are so high after this. ♪.

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♪. >> he should say i'm sorry because that is what -- he owes an apology. i think the best thing he can do is apologize to the american people and apologize to the world. you know we had a lot of help in afghanistan. we left and everybody else had to leave with us but you know, the whole world deserves an apology. stuart: you heard it. the president, president trump calling on president biden to apologize for the afghan mess. bret baier joins me now. president biden was defiant in his speech yesterday and he called the withdrawal a success. i suspect america may be losing some trust in this president. what say you? >> well if you look at the polls, stuart, good morning, i think you're right. i think that independents, democrats, republicans have really reanalyzed not that they didn't want to get out of the war but they didn't want to get

out of the war like this. the loss of 13 american servicemembers, the families speaking out how distraught they are about the decision making and then the a anonymous sources that you're starting to hear from the administration stuart that are saying how we leave americans on the ground. more and more stories, even this morning. radio free europe, radio free liberty, our own journalists left on the ground despite promises to take them out. i think the numbers will go up and the the atrocities from the taliban will probably become more real. stuart: in their very sharp edged editorial today in the "wall street journal" they really take on president biden and his speech yesterday. the journal hints maybe the president will never mention afghanistan again. he will turn away completely and reverse course. you think that is possible? >> i don't think it will be possible because the media, i trust, will hold him to task on these decisions and i also think

congress. you have democrats calling for hearings about the decision making in the early days and i think more and more we're going to learn about how that all came to be, specifics, details and that is going to prevent him from not talking about afghanistan. he desperately wants to talk about something else, stuart, you're definitely right about that but i think it will be impossible. stuart: i think he wants to talk about a domestic agenda, spending 3, 4, 5, trillion dollars with free stuff. i think that is what he wants to pivot to. has he lost political credibility so he will have difficulty pushing through $5 trillion worth of spending? >> i he was going to have problems getting those numbers anyway. with diminished public support for president biden i think that makes it even tougher. i think it spills over to a lot of things. it may spill over to the california governor recall where he and kamala harris were scheduled to campaign for gavin

newsom in california but didn't because they're in the middle of this chaos. i think that is potentially has political ramifications not just not just in afghanistan and the world. stuart:s as we go forward from this, hearings or not, do you expect resignations? >> i would have expect the them by now, stuart, but i don't. unless another shoe drops and somebody is put up against the wall the fact it hasn't happened so far is pretty shocking. stuart: that means we've got this team in place which a lot of people are not confident in this team, that they're here for another 3 1/2 years. that is a problem. >> it's a concern because i think there are two sides to it. one it projects weakness what happened. you see north korea starting their nuclear reactor in pongyang. you see other countries capitalizing on that weakness but the flipside is that the administration may say that they need to do something big to make up for what happened in

afghanistan and that also is a concern. stuart: i have got this poll, the pew poll, 42% rate the president's handling of the, of the exit poorly, wrong decision, 42%. right -- that is to get out. 52, 5 -- get out. when it comes to the implementation of that decision, 42% think it was handled poorly. i think that confirms what you already told us, bret. >> i think that is were the president keeps on putting straw man, decision about how to get out unless you leaves tens of thousands of troops forever in this war. that is not what people are saying. they wanted the war to end. they didn't want it to end like this. stuart: the story is not over. bret fair special report, 6:00 eastern. thank you, bret. >> sure thing. stuart: check the markets. still a split decision.

dow is down, nasdaq moving up a bit. 103 points higher. there has to be significant movers because of that i'm in trouble here. amc, bail me out. lauren: they're only down 2% which is a small move for this company but i think the news is big. ma quarry downgraded them to underperform. they think the box office is week and return to $6. 80% decline. fundamentals are not there. this is reddit favorite but a lot of people are against this call. it is moving the stock. a lot of way to go to the downside. stuart: tell me about focus universal. i'm familiar with this company. lauren: they make sensors you use in homes and other devices. they just ipo'd. the offering $5.10. they're trading above 10. this is big winner. stuart: get me a smoke detector i can change the batteries

easily. lauren: is it that difficult? stuart: yes. lauren: i'm always burning something opening windows and doors, going like that so the smoke detector doesn't go off. up 136%. stuart: i missed that. i know what they did. lauren: should have got in the ipo. stuart: vera bradley, why are they down 15%? lauren: this is the clothing accessory company. stuart: the bags, right? lauren: with the pretty prints. earnings and revenue missed street expectations. you don't want to miss expectations because you get punished. stuart: tell me about cathie wood and etf which is supposed to focus on transparency. that is the wrong word. which companies go into the etf, which cannot, based on what? lauren: clean, kind, moral companies can go in. stuart: clean, kind loyal. lauren: gambling, booze, pot, they're out. how do you determine this. the filing for this etf bases

this on a trans transparency call, look at legal risks overall. similar to the esg, environmental, social governance etf. let me tell you stocks in. microsoft, sales force, chipotle, nike. stuart: they're in. lauren: transparency seems like the wrong word. it is awfully similar to her other etf. it is a tech and consumer etf, not transparency. stuart: nice, kind moral -- lauren: that was me. what did i say, nice, kind and moral. stuart: nice kind and moral. lauren: no, i said, clean, kinder and moral. stuart: okay. i just go for companies which dominate their industry and which have -- lauren: disruptors. you want disruptors. stuart: that's what i want. lauren: uber and lyft used to be disruptors. stuart: i don't care whether they're kind or what. you saw the script. uber and lyft, the prices have

gone way up. lauren: i know. stuart: i'm guessing but i suspect it is driver shortage. lauren: they don't have enough drivers. in their last earnings report, uber said they had 20% fewer drivers than a year ago period. they're offering all the incentives. they can't get enough of them. because of that, if you look at wait times, it is up. if you look at price of uber or lyft drive doubling in past 3 1/2 years. it is astronomical. what can be done about it. these companies are not profitable. lost $7 billion. stuart: you offer them the world to come back to work. they don't take the offer. they're short of drivers. laura, thank you very many indeed. we have a teacher in very hot water that his students pledge allegiance to a different kind of flag. roll tape. >> i told the kids we do have the flag in the class that you can pledge your allegiance to. he looks around, oh, that one? stuart: okay. we have got the full story for

you coming up. my next guest though obtained whistle-blower documents showing verizon is teaching employees that capitalism is racist. that is not all, he found. the full story after this. ♪

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stuart: on your screen whistle-blower documents that show verizon is teaching their employees that capitalism is racist. and that staff should support the defund the police movement. christopher ruf-fo obtained the documents. he joins us now. what else are they teaching their employees? >> they're teaching a lot. they're basically importing critical race theory from academia into the corporate environment. verizon was forcing employees to deconstruct their racial and sexual identities, ranking themselves according to hierarchy power and privilege. going through the social justice catechism. going through causes defunding police. the notion that capitalism is fundamentally racist. so on, so forth. stuart: why are they doing this?

>> it's a good question. a lot comes from hr. hr is constantly seeking to expand the territory to justify its existence. this is the latest trend in hr programing. a lot is probably well-intentioned but misguided attempt to address some of the racial injustice an inequalities in american history. the problem the market is flooded with these critical race theory, saturated programs. so executives that are looking to do something on these issues, looking to provide some kind of training really can't help but pick some of this woke nonsense promoting these extreme and radical causes. stuart: but it is extremely divisive. if you have got a multiracial workforce you are going to be pitting one group against another group. to me that just ain't right. is this going to spread? >> yeah, it has spread. in fact i've been reporting on, i have internal documents from 26 of the fortune 100 companies. they're all doing training programs similar to this one.

you're exactly right. it is ripping the workplace apart. it is making people suspicious and paranoid. turning employee against employee, employee against manager. it is causing more division. ultimately critical race theory is predicated not united but focus on things that divide us. it is sad to see it is in the corporate work place. my hope it is not too late as companies get exposed. as they face some of the heat, they will back off and reform some of these awful, toxic programs. stuart: chris, you're leading the way on this subject, come back, soon. we have a teacher in california, removed, she removed the u.s. flag from her classroom. replaced it with the gay pride flag. lauren, what happened that. lauren: she was placed on administrative leave, not because she removed the american flag, that is bad, she removed the flags of our country but then asked her students to

pledge allegiance to another flag and joked about it in this viral video. >> my room does not have a flag. it used to be there, but i took it down during covid because it made me uncomfortable. i told the kids you have a flag to pledge allegiance to. he looks around and goes, that one? lauren: it would be a lgbtq flag. poking fun all of it. that is what she is teaching students. stuart: you pledge allegiance to the flag. thank you, lauren. we have charlie hurt. major general mike canning maguire, heather mcdonald and a whole lot more, believe me.

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no matter their rank, or when they were in. a marine just out of basic, or a petty officer from '73. and even his kids. and their kids. usaa is made for all who've honorably served and their families. are we still exclusive? absolutely. and that's exactly why you should join. >> joe biden represents everything that is wrong in washington d.c. he has demonstrated a failure of leadership. this is the worst strategic planning and operational execution failure of a modern american history. >> of the president really owns at this decision. we have turned over afghanistan to a terrorist organization that enabled a 9/11 with the al qaeda. it would be the epicenter of international terrorism. >> joe biden is a failure and i honestly think the american people have finally seen

his metals. >> we have to ask ourselves how many are a record. i think we will melt up and see new highs ahead. >> the market is unable around ♪♪ ♪♪ ♪♪ stuart: did you catch that from mike lee, infinity and beyond for the future course of stock prices appeared it's 11:01 a.m. eastern. wednesday, september 1 appear the markets, mixed picture, strong solid gain for the nasdaq again, all time high earlier this morning, fractional loss for the dow jones. big tag, apple, google, both hitting all-time highs and microsoft top of the list up 303 .57. as for bitcoin, not much movement, $47,300 for bitcoin appeared.

there you have it. after his speech on afghanistan the president turned his back to the audience and walked out. that moment was a tibbets he's moving on, from disaster over there he's moving to free stuff here. as the new focus, domestic policy, free college, pre-k, dentistry, eyeglasses and even free money. it's called the vote buying and it's about next year's elections pick the left sees opportunity with bernie and aoc, speaker pelosi, the progressive, all of them insist on spending $5 trillion and a seal of that money as a way to reserve-- reverse the humiliation debacle. they know afghanistan is a disaster with voters, but if they throw out enough money they think they can win a voters back. that's their calculation, but where does it leave moderate democrats? they are embarrassed by the open border, rampant inflation and now and in

confident confused president they need help. so, why not go along with their socialist colleagues and by the votes they desperately need? i don't think it's going to work. for a start, afghanistan will not go away. in fact, it will come back with a vengeance is -- if terrorism returns and i don't think americans will go for socialism as free stuff is absolutely not free. who was it who said if you think healthcare expensive, just wait until it is free? we will see a civil war within the democratic party. it will be very uncivil, actually pure hell hath no fury like a socialist scorned. forgive me if i think it will be fun to watch your third hour of "varney & co." starts right now. ♪♪ stuart: charles hurt is here. welcome back.

question, will the massive spending to try to win in 2022? is that his fallback position? >> i think without a doubt that is their fallback position on about every problem, but at the beginning of all of this, this horrible situation in afghanistan, i was thinking the silver lining might be the democrats have hurt themselves and biden has a soda straight his own credibility that maybe his domestic agenda will go kaput, but i think you are right and there is a real danger here that when we see the level of shamelessness out of this president talking about what a massive success this is, that we really might see him doubling down on all of this and might embolden them to wreak even greater carnage on the country. stuart: do you think they will get away with it? i just don't think america is ready to spend it $5 trillion on

the social programs. >> i think you are right and i also think people already out the rest of the country see the results of what happens when you pay millions of people not to work and people feel that and they see it at the grocery store with inflation. a day see what happens with these crazy biden energy policies that have caused gas go up to $5 a gallon in some places so i think there are a lot of people who are starting to say, hold on maybe this-- you know we already see reid being the terrible benefits of this, but again there's nothing more dangerous than a desperate and delusional bunch of politicians and that's what we have right now. they are desperate. they are desperate for what you said, they will do anything, spend any amount of money, they will put our grandchildren into a hawk for any amount of debt in order to win the next election and if

that means $5 trillion after the crazy socialist plan, that's exactly what they will do. stuart: did you see the taliban angry that we did not leave operational military equipment behind ticket bear with me. watch this for a second. a role it. >> disappointed. they are angry. they say they feel betrayed because all of this equipment is broken beyond repair. they say that they expected the americans to leave helicopters like this in one piece for their use. stuart: i'm laughing, i don't think i should laugh, but that is call, is it not? >> it really is and you know the power of images and politics i think president trump was one of the few politicians to understand the extraordinary power of images in politics and the images of the u.s. military machinery used to ensure our freedom

that we paid for being handed over to our enemies like for example the image of our black hawk helicopter flying around kabul with the body of what appears to be a dead person hanging from the bottom of it, those images get seared into people's mind and they never forget it and i think that things like that, you can't pay people off. you can't pay voters for their vote when those images are seared in their mind and that's why i think whatever democrats in washington want to do with their spending plans, no one will forget what joe biden and democrats have done, the catastrophe they created with our equipment of our freedom in afghanistan is. stuart: but we have this team in place for another three and a half years, let's not forget that. a charles, thank you for being here. >> great to see you.

stuart: on the market, i keep saying mixed picture, nasdaq is up almost 100 points, dow jones down about 50. look who is here for the rest of the hour, by the way mark tepper. we keep hitting record highs. i'm a broken record. i keep saying it. what is going to stop the markets in its track and spend it down? >> what is it like 54 record highs this year? is absolutely nuts. i would say all good things eventually have to come to an end. at some point, i expect we come down to trend returns and the s&p of about 9%, but over the last three years we have averaged 18% per year end all of a sudden people are starting to hit the panic button if we are earning 15 to 20% per year, but if i had to try to put a finger on what could possibly derail this rally, taxes higher taxes almost certainly going to come if there's another

$3.5 trillion that's going to be rolled out. at that's going to be accompanied by $1.7 trillion or so in tax hikes, so that is something that's not being priced in yet any inflation longer than transitory, and i believe it is going to be longer than transitory and all you have to do is watch wages and rent prove that and i think those are the two main things that could derail this. stuart: but no derailment just yet going into september which is actually difficult months. >> normally a pretty weak month. we are long-term bullish. at some point i expect a decent pullback, i mean, the deepest pullback we have seen this year is like for a half percent and that's not normal. normally it's 12 to 13% in a given year. of the best thing we can keep an eye on now is the next 12 months operating margins. seems like they peaked. was a pecan roll over, that's when the more violent selloffs began to happen so we are not there yet. stuart: not to hear that. did you see this?

some chinese hedge funds are offering starting pay of around up to $300,000, this is three times the amount most wall street firms are offering. what is your take? >> not bad, not bad for a day of hard work. i mean, this is just obviously a high demand whether it's ai, machine learning, algorithmic trading. hedge funds have underperformed retail investors a sense like 2008 or 2009, so of course they want an edge on the market, but to be honest, i mean, 300,000 to me sounds a little light for that caliber of talent and i think on average you will make more money on wall street than in china but i think it's probably china directed where they are telling companies, you do what you have to do to make sure we keep our best and brightest people in china. we don't want to lose them to the u.s. but it's kind of weird capitalism is spreading through china at the same time we are fighting against socialism in the state.

stuart: ironic. mark, stay there as you are with me for the hour appeared let me move on to some other stocks, pvh owns calvin klein, tommy hilfiger and they are at nearly 15%. campbell's soup, a slowdown in the demand for packaged soup with soup sales down 21% in the second quarter, so we aren't eating as much soup as when we were locked down. a high school teacher brags about turning students into pro antifa revolutionaries, it's a disturbing video but we will show it to you. president body wants to move on from afghanistan and it could become a huge issue in the midterm elections next year. age or general michael maguire is running for the senate and i will ask him about that. the european union just dropped the u.s. from its covid safe list. that will make it harder for americans to travel overseas. we have a report from germany next.

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females measuring more than 35 inches and males measuring more than 40 inches may have insulin resistance. to learn how to reverse insulin resistance and lose weight effectively, go online to golo.com. once again, that's golo.com. >> i hope people will consider who they are voting for, how they would think about a problem like this, are they supportive of a president who'd created a debacle that resulted in what we have seen these past few weeks? i think it will be on people's minds and i hope they will factor this in when they think about who it is to be elected. stuart: read between the lines, mike pompeo-- mike pompeo my former secretary of state said afghanistan will play a role in the 2022 elections. come on in retired general michael mcguire

who is running for a senate seat in arizona. server, will you use afghanistan and the president's performance in your campaign? schema good morning, stuart, and thank you for having me. >> i think president biden put front and center a critical issue i've talked about, that we need great leaders at every level in this government from city, county, state and federal and i'm running for the united states senate because of the failed policies and the leadership of the left. at the hard left is pushing left, further left everyday proving they don't care about american citizens. they have left them behind enemy lines and made our communities laughs safe in leadership and security will be critical issues in 2022, stuart. stuart: yeah, but the election is like 14 months away or does the afghanistan issue-- admittedly it was a humiliation, but does that humiliation have political legs, will it still matter 14 months from now?

>> i think the actual issues and how afghanistan plays will be critical this way. i think there will continue to be public debate about how and why and when he will put american blood and treasure at risk. as a 34 year military veteran i can tell you i understand better than most and i think you see across the country a wave of concerned veterans standing up saying we have had enough of this. we took an oath of office. we are going to swear and follow our else regardless of the position in this country and the issues relative to afghanistan are just continued failed leadership, dereliction of duty. we see it at the border. we see with public health. we certainly seen in afghanistan with the horrible loss of our soldiers and marines there and leading citizens behind appeared americans won't forget that. stuart: the early reaction seems to be from most people that most

approve a bus leaving afghanistan, but absolutely not the way we got out. are you with that, i mean, what is your reaction here? >> i am absolutely with that. i think-- i have said before in afghanistan we fought 20 consecutive one year wars and if you don't know where you are going any road will take you there and that's why i talk about it will be an issue in the future. let's have opened incredible delay, force the senate and house to use article one section eight of 40 to authorize the use of a force when we put americans at risk and we see that the left is completely willing to abandon americans in middle america or behind the lines of an afghanistan and that's what i am running the senate. make maguire running in the great state of arizona and that's what we need his folks to support this race to get to 51 u.s. senate seats. stuart: mick maguire if i can

use that-- i should really call you sir or major general, i think, i'm not sure of the corrected terms of reference, but sir, thank you for being with us and we wish you the best of luck. >> thank you, stuart. or call me anytime. stuart: the european union otherwise known as the eu just removed and the united states from its safe travel list. ashley webster in frankfurt, germany. what does this mean for american travelers? ashley: well, you know stuart, it's not a bang but it's starting to get more complicated. what else is new with the european union, but if you are planning a trip to europe to one of these classic squares as we see in frankfurt, you have to be fully vaccinated. you have to have proof of that and you have to have a covid test within 72 hours of travel and yes, it's complicated because the eu is made up of 27 countries and it's just a suggestion for these countries. they don't have to and

let's be honest they are reluctant because they want tourist dollars. of course, it's not good news for the american airlines who once again will have to combat uncertainty. a day already see a drop in the bookings because of the delta variant a surge in the u.s. and by the way, free covid more than 15 american-- 15 million americans visit europe each you were cashier and that number still down by a staggering 80%, so there is a lot to be said here, but i think there is something else playing out. the u.s. has still not fully opened its borders to eu visitors so i think that the biden administration is having pressure put on it by the eu. they have not changed their mind i think on this side of the atlantic there is a little bit of for tat going on but if you look behind me everyone is sitting outside because if you go inside you have to have them ask and you also have to have your full vaccination card before you are allowed to go through the doors.

thankfully, it's a beautiful afternoon where everyone is out enjoying themselves but eu and covid passports are a thing and i know you have seen the protests about the rules and restrictions in paris, and athens, so the covid drama goes on but for american visitors, you have had your documentation. stuart: two quick questions, ashley appeared did you have any trouble when he flew from america to germany and a second question, do you expect any trouble when you come home flying back from germany to new york? ashley: those are good questions. i had to go through the whole process proving i have documentation for the two vaccines, i had to take a covid test in the 72 hours and had to register with the german government on a digital registration which you have to print out and if you don't have that you will be stuck at the airport. going back, i have to take another test because i've been here more than three days that. we found a clinic in the middle of town and we can get the test, but

that's hardly fun if you plan to visit a place, half the time you spend is getting all the proper documentation. stuart: you don't want that so it might be a while before i go back to england appeared i hope to see you soon, ashley. the head of the cdc says unvaccinated people should consider canceling labor day travel. dr. marc siegel offers us his opinion on that earlier this morning to roll tape. >> do you think anyone will listen to that? i think the thing to tell people is you are less likely to spread this on planes, wear a mask on a plane and he won't stop travel up your airports are what you have to worry about. stuart: not going to listen to that. mark chapter is worth us still pick i think we have a chronic case of covid restriction fatigue. i have to remind everyone that the pace-- pace of infection is slowing dramatically. we can almost see the other side in this delta

surge. >> yeah, hopefully sooner than later and you are right, the thing people need to understand is that covid is probably never going away and this is a risk management 101 just like dr. marc siegel said. figure out how best to go on and live your life while mitigating the risk. stuart, here's my problem with the vaccine push and i am not anti- vaccine. i'm actually vaccinated, but there's a recent study out of israel and i don't know if you have seen it, but it showed vaccinated people were 13 times more likely to get covid and a 27 times more likely to be symptomatically than people who had natural immunity from a prior infection. natural immunity works, so why are people who have had covid and possibly have better immune systems, why are they treated like second-class citizens? that's my biggest issue. stuart: yeah, it's just not really clean cut when you see studies like that. i'm not an anti- vaccination, i will probably get a booster shot as soon as i can,

but the clear-cut information just coming at you at a contradictory fashion, it seems to me. >> no doubt. stuart: mr. tepper, hold on. i have two checks southwest airline because pilots union is suing the company claiming they violated labor laws during the pandemic by changing rules, work conditions, pay rates without proper negotiations. and they are suing and then there's this as a big city enlist help from overlap-- uber and left because they have a driver shortage here i want to know what they propose to do for the school bus people pick we will tell you. the white house wants to create and sell 100,000 more affordable homes over the next three years. we will tell you how they plan to do that next. ♪♪

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stuart: rain is a good thing,

luke bryan singing. interesting. you are looking at the empire state building where we have on an awful rain all day. we had the tail end of ida. we are going to 72 degrees. for the markets, the thing to watch is the nasdaq. it's now up 100 points. why is the nasdaq up so much? because technology is doing well. facebook, google and apple have all hit all-time highs today. by the way, the "wall street journal" reports the new apple watch will have new features to track fertility, sleep and blood pressure call on your little watch. pfizer testing the first antiviral pill, repeat a pill to treat covid patients designed to block an enzyme which helps the virus to spread, so you block that enzyme. it would have to be taken shortly after someone gets sick. pfizer stock, $45 a share and look who is here appeared we have

not seen this guy for a long time. he's been a stranger to us. brian westberry is back. look, brian i'm going to raise an issue which i raised earlier, i follow peter, is one of the best, you may know him and he's been talking about stagflation and says the economy is flowing but we have inflation and it reminds me of the stagflation of the 1970s. what say you to that? >> i agree wholeheartedly, stuart. the adp report today was short. we expected about 600,000 and ended up with a little bit over 300,000. i think that there are two reasons for that. number one, supply change or destroyed in the united states. number two, we are still paying people not to go back to work. when you put those two things together, you actually get inflation on top of it. here's what we have, we have lower jobs than we

expect and higher prices that have been expected and that is the definition of a stagflation. stuart: so, why is the stock market still rallying so much? >> yeah, there is a couple of things out there right now. number one, government entities have been panicking a little bit about delta, so we are worried that we are going to come in and kind of shut down the economy again, so what is interesting to put this on the site is that during that shut down, these tech companies did great so no wonder the nasdaq is doing really well today. number two, is if we do have a slower growing economy, then that means that fed is not going to taper as rapidly as many people as feared nor will they raise rates and when you throw in all the-- speaking of you know rain is good, we are raining corporate profits right now and when you have low interest rates, that just sends the stock markets through the moon so even though the

economy is slow because the fed is so easy that it lifts asset values because we are just flooding the system with money. stuart: but, when the economy continue to slow and will inflation continue to rise? looked down the road for me. >> yeah i believe sell. first of all, we have had booming numbers here, just booming numbers on gdp. one of the most rapid growth economic periods of growth we have ever seen because we are coming off of a shutdown. that could never last. that was always going to be temporary, so the data will slow a little bit. i don't expect a recession, but i think it will slow. i also think some supply chains will start to get back in the gear and that's going to let the feds essay, see, we told you inflation is temporary. i do think we will have a bit of better news on inflation and the economy, all that does is keep the fed easier

for longer and then i think inflation comes back in the future. and if you throw in tax hikes on top of this, which if joe mansion about spore this then you really have a stagflation. stuart: yeah, we do. watch out for joe mansion and his about. brian, come back soon picked don't be such a stranger. >> i will always come back for you, stuart. stuart: a thank you. now this, the administration has announced new steps to create 100,000 more affordable homes in the next three years. henry vaughn in arlington, virginia, there are so many regulations to deal with. how are they going to actually do this? >> stuart, they really don't touch the regulation a piece of this, but they are trying to increase financing so more people can get a loan to buy a home and then add the supply by building more manufactured properties and smaller properties, but this 100,000 homes

is really a drop in the bucket of a problem president biden is trying to tackle and the white house estimates there's a shortage of 4 million affordable housing units, so this 100,000 is a start, but doesn't solve the problem to your there is also underlying issues that won't be fixed by this $380 million investment. joint center for housing study at harvard said to build more houses a strategy won't do enough to solve the shortage saying quote the longer solution to the housing shortage is to ease the constraints on residential development such as spiraling cost of materials, shrinking supply of construction labor and perhaps the key obstacle is restricted land use regulation and complex time-consuming approval processes that push up costs the price of lumber is a factor as it's fluctuating but it jumped to an 83% increase in march, just that increase cost the national association of homebuilders estimates adds $36,000 to the

average price of a new family home. labor shortages and labor costs are making homes more expensive to build and according to a survey from turner and towns in the u.s. has a high-risk average construction wages making some of the cities the most expensive places to build in the world. in new york city and san francisco, hourly wages or construction are now over $100 an hour, but on the regulation piece in places like california essentially anyone can challenge a new construction project under epa laws that they have in place which means for the ground is even broken on a lot of these projects that they can get tied up in litigation for years and years and years, which, of course, makes it more difficult to build things and a lot more expensive to do it. stuart: exactly and therein lies the nature of the problem. hilary, good stuff. i'm going to tell you again about the chicago public schools. they are facing a bus driver shortages so they

are working to try to strike a deal with uber and lyft. mark tepper, come into this very minute because it uber and lyft have a driver shortage on their own. who doesn't have a worker shortage? everywhere i go we are hiring, trying to hire when will that come to an end? >> there is 10 million open jobs right now. everywhere i go there is a for hire or sign. my local jimmy john's has a little sign in the window that says we are closing after 2:00 p.m. because we don't have staff. look, i don't know when it ends and i hope once the excess unemployment benefits roll off in a few weeks that maybe it will encourage people to go back to work, but as you know, i mean, the wage floor has been artificially raised throughout this entire pandemic with all the things that have happened, so, i mean, we have a shortage of bus drivers, a shortage of uber and lyft drivers. i could not even find one in cleveland and

there's a shortage of truck drivers. stuart: you live in cleveland? there's plenty of room in new jersey. [laughter] stuart: a look at this headline in the "new york post", liberals play a race card on black talk show host larry elder because he's is speaking the truth. the calgary fire threatening to destroy thousands of homes and businesses in california we have a report on the ground from there, next. ♪♪

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stuart: wildfires in california forcing thousands to evacuate. we are in south lake tahoe. william, why are these fires-- why are these next few hours so

critical? reporter: mostly because of the wind. right now this is south lake tahoe, one of the busiest roads in california on a labor day weekend and a right now the fire is a south of me. at the lake is a north and all these communities are right around the lake. at they are trying to keep the fire south of where we are right now. this fire like most in california is almost unstoppable during the summer. spot fires keep popping up in front of the fire because the wind is going 40 miles an hour and you have got a huge it draws how firefighters are literally jumping out of their trucks trying to smother the fire with a dirt or water. is look at the map. about fire started about two weeks ago and it's a brain from west to east about 312 square miles total right now has been burned, 544 homes and is threatening 34,000 more mostly around the lakes. of course, they are wooden homes, wooden roofs, decks, pine

needles and pine trees surrounding them. >> every fire is a different, really. so, just learning the piece of ground you are assigned to and coming up with where you want to put in your control lines and hopefully it helps. reporter: this is what the evacuation looked like monday, so you had like 22,000 people leave. you have cars about 4 miles deep and a dead stop. i will give three reasons why it's so stubborn, one number one the topography meaning the fire will move fast. of the fuel, it has not burned for decades so the forest is dense with a lot of the overgrown fuel meaning even the pine trees can't protect themselves from a low fire. that will burn more intensely and finally the drought with about 75% short on rainfall, so everything is a super dry and then factor in the wind which is been

blowing about 40 miles an hour helping with the spot fires. look at this and the smoke is blowing from here all the way to the east coast, maybe you can even smell it. right now what they are trying to do is turn the fire and keep away from the homes. red flag warnings until about midnight tonight and hopefully things will get better of the weekend a. stuart: keep on eye on it. thank you. the markets, the big story on the markets is the nasdaq. look at a dell again. all-time record high earlier and it's still up 100 points. walmart going to hire 20,000 workers ahead of the holidays with a mix of part-time and full-time positions. reuters says amazon is trying to hire 55,000 people for new tech jobs. this will be andy's first major hiring push as ceo and the "wall street journal" says fidelity wants to hire 9000 workers by the end of the year. they are all hiring.

the dow jones 30 gives you a sense of the markets with lots of selling obviously, two thirds of the dow 30 is in the red. now this, a teacher caught on camera bragging about his support for antifa. watch this. >> how do you do that? >> probably is far left as you can go. stuart: wait until you see the whole tape. heather mc donald has a thing or two to say about it. ♪♪ welcome to allstate. (phone notification) where we've just lowered our auto rates. ♪ ♪ ♪ ♪ and savings like that will have you jumping for joy.

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there's nothing funny about this and it seems to me we are turning out a generation of political activists from our schools and that just ain't right, heather. >> this child just narcissist is the perfect product of our teacher education schools which have been emphasizing social justice, racial equity for decades. it's why american students are ignorant. they aren't competitive when it comes to china, to math that they know nothing, but they know politics. america schools are destroying america and the only solution i see at this point is to defund at the school movement. we have to dismantle schools appear give every parent a voucher to be used on homeschooling or classical education because at this point the rot is pervasive. stuart: it seems like parents are voting with their feet. i see a huge expansion of people educating their children at home and i see a significant

expansion in a charter schools where they are allowed and people go to private education. i mean, the public school system is rightly being hollowed out from the inside. >> absolutely. defund the schools. some parents still cannot afford homeschooling and we need to make sure every parent can pull their kids out and every parent should also be very vigilant. do not assume that your schools are educating your children. you have to monitor their homework and ask them what they are being taught. no more passive parenting allowed. you have to get involved because this is going to again, just besides destroying our civilizational inheritance, china is moving full speed ahead in the trying to educate its kids to give them the hardest tasks to make sure they know math, they know computing science. we are doing that, instead we are turning out little revolutionaries.

stuart: i want to get this and. you have an op-ed just out, liberals play race card on black talk show host larry elder because he's speaking the truth that. now, larry elder is running for the governorship of california. he's a black man. how are democrats reacting to it? >> they can't stand it. is an independent thinker and that's not allowed appear they are trying to destroy him because he's not playing the black victim card. they are accusing him of being a white supremacist. larry elder is talking about the reality and urban cities, which is the reality of crime, the reality of homelessness and he says we need to emphasize personal responsibility and they are trying to destroy him saying he will bring california back to jim crow. the usual leftist position right now is we are still segregating, still massively white supremacist, which is a total lie.

larry elder has the courage to break from the pack and it tell it like it is, which is that we need more personal responsibility, more values, more police , the problem in the inner city as criminals and that is simply not allowed in the democratic party today and they are trying to destroy him. stuart: would not be great, we need more values, i have not heard that in years. heather mc donald, you are alright and thank you for being here for your. >> thank you. stuart: let's look at mcdonald's, that's the fast food place. look at that sign calling on 14 and 15 -year-olds to apply for a job. come back in again, mark tepper. of actual use you how dramatic the labor shortages. let me ask this, i don't know how old your children are, but i would absolutely welcome my children getting a job at the age of 14 and going to work in making a living. i would welcome that. how about you? >> that's how you learn to be a real human being

and actually produce something economically for the country, i mean, look, my oldest daughter is a 14. i have talked about this in the past with my wife. we think at some point in time every single one of our kids should go get a serving job, i mean, it's a great way to become a mini little ingénue or. you do really well and you get paid more and you do a crappy job and you get paid less, but the american way is to go to work, so this reeks of a little bit of desperation from mcdonald's, but hey if that's where you have to go that's where you have to go. stuart: i was awaiting when i first came to america and i was a brilliant at extracting tips. i was really good at it. stay there, look at this with the trivia question, which president officially gave the white house its current name? market, you are allowed to take a guess but not right now. we will have the correct answer after this.

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your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. as i observe investors balance risk and reward, whose resumes on indeed i see one element securing portfolios, time after time. gold. your strategic advantage. stuart: which president officially gave the white house its current name. mark, do you have a guess on this one? >> everyone knows the rules you can't use google. i have no clue. i go with number one, james madison. stuart: reveal the answer. it is teddy roosevelt. he made it official in 1901. before that it was president's house, executive mansion, the presidential palace and the presidential mansion.

you can't call it the mansion or a palace in a republic like this. you can't do that. >> no. stuart: it didn't work. mark, let me take this opportunity for being with us the past hour. great guy. great to have you with us. come back please. as we leave you the markets are mixed. nasdaq with a solid gain up 105 points. big tech doing well. neil, it is yours. neil: thank you very much for that, stuart. big tech and nasdaq up 4% last month. that year-to-date, up close to 19%. these blistering performances continue for all the market averages. if you're counting, this is the strongest year-to-date run and rally we have had at this point in the year since 1997 when bill clinton was president. remind you how historical this is. with everything that collapsed, with all the heart