group surging the premarket after news the company would join the s&p 500 and replace drugmaker perrigo later this month. $41 billion, dayton is big business. thank you for being here this morning. that doesn't for us, "varney and company" is up next. when you start a new week after a long weekend investors want to know how the money is doing. so will be s&p and nasdaq. we are not talking a serious selloff. a little red ink, just a touch of red ink. there is some weakness in technology because of this, the yield on the 10 year treasury bouncing right back up again, back to one.37%.

bitcoin moved above 50 grand over the weekend. 50,900. el salvador becomes the first country in the world to make bitcoin legal tender. let's see how that works. ethereum is down significantly at $770 a coin. it is $3,750 a coin. let me sum up the financial world. no major selloff as we open after labor day. let's get serious. in afghanistan we are in a hostage situation. satellite shots reveal planes on the runway reportedly there are americans and special visa holders on those planes. the taliban want america to

recognize their government before they let their hostages go. asked about it president biden said that's a long way off. the great pivot begins, the president badly damaged by the humiliation in afghanistan turns to the $5 trillion socialist spending plan. barely enough to get the democrats in power next year's elections. it appears to be an uphill struggle. there's a lot to cover today. those emergency payments are gone and after labor day, 1200 schools in 31 states have shut down because of delta. tuesday september 7th, 2021. "varney and company" is about to begin. ♪♪ i got it right.

the allman brothers, way back to the 70s, even a 60s. i remember it so well. i used to dance to that. stopped laughing. rolling their eyes. labor day marked the end of pandemic enhanced unemployment pay. emergency pay gone. stop rolling your lies. how many people are losing this? >> 7 million according to the century foundation, it will drain the recovery by $5 billion a week. 7 million workers who are no longer getting federal or state assistance, and the administration coming in the saying let's give you more money, a stimulus check or more

benefits in the $3 trillion reconciliation bill. stuart: now that we stop emergency payments. and economists with us will answer that question. brian brandenberg doesn't have a straight answer? >> you have 10 million open jobs, paying people, you get a job, food on the table. back to work -- >> that is the beauty, the easiest low hanging fruit problem to solve. 10 million open jobs. 5 million fewer people working pre-pandemic. got to stop paying them to stay at home. stuart: not sure they will jump to work and go back to work. other reasons people are

staying home. >> you still got to put food on the table. unless this fourth stimulus bill which may be will get that and maybe there will be more unemployment benefits maybe that will happen, got to go back to work. we are at the point, put the chips on the table and say go to work or i don't know, rely on your family, something else but you got to fill these jobs, 10 million is the only sustainable way -- stuart: we have a difference of opinion here. >> you are more so pessimistic than i am but i think people respond to incentives. stuart: it is optimism because people have the choice do they want their old job back or a new and better job and a lot of people taking the opportunity to improve their lives. i don't want to pay the emergency anymore and those states but abolished it already are doing better than the states that are still paying.

>> take a new job, take your old job, take a job, the only way we get out of this sustainably. stuart: you are an educator, a professor, you have a family. 1200 schools in 31 states are shot, they shutdown. i think we have to change the contact rules, the quarantine rules. >> parents can't navigate this. all the parents sitting there saying what are we going to do? every two weeks we go back to quarantine for my kids who has lauren pointed out, behind plexiglas with a mask on their face, kids look around and see everyone as a threat and thrown out of school because somebody in their midst got sick. what does that do to our kids?

this year, forget last year, what does it do this your? stuart: if you talk about people going back to work what about those who are parents with kids were no longer in school, still out of school, can they go back to work? >> that is right. that is going to be an impediment to people getting back to work so we have problems to solve but they are solvable, get rid of the on employment benefits that gives reason people to go back to work, get some same policies in schools for children and their parents. we can do this, got to follow the science and think like economists. we can do both of those things. stuart: respect the science and think like an economist, walk and chew gum at the same time. professor, thanks very much. let's get to the markets. i see a tiny bit of red ink, dow, s&p and nasdaq slightly lower and here is david nicholas to weigh in on this. i spent much of the summer

wringing my hands and worrying about an imminent correction. it didn't happen. am i suppose story all the way through the fall about an imminent correction? what say you? >> wonderful james like -- james bond accents but the last 20 is 50% of the time the market is 10% or more. we should have seen this. we haven't seen a 5% correction this year. i don't have any concerns for the month of september. there are quite a bit out the table. i think that money goes to work, as we get into october the biggest risk to the market right now is interest rates and the federal reserve. the topic will begin again.

that is the catalyst for a potential correction in october. stuart: you have to forgive me but we have an audio problem with your feet into the studio so i will cut it off but thanks for being with us tuesday. you relieved some of my anxiety. cryptos, some bitcoin moving back up again, 51,$000 again. it is the legal currency in el salvador. the government holds 400 bitcoin, that is their float as they make it legal tender again. how much is it worth? >> $20 million. el salvador becomes the first real world experiment for bitcoin is legal tender, use it for anything. the proponents would say it is great when you look at the remittances. it lowers commissions for so many people sending money but

the critics say so much regular a and financial risk, volatility of bitcoin. crypto is sexy but untested, extremely risky. regulations look like the law and crypto currency, not just bitcoin. stuart: the point is they should never go away. when they discuss them on the program, a flash in the pans going up and down, that's not the case. too widely accepted, too many places use it for it to go away. >> now an entire country. stuart: a question for our market guests. if we get a stock market correction what does that do to cryptos? does it go up or down? >> i don't know.

people buy into crypto currencies when they want to take on risk and you feel you are risky mode when the stock market is going up, you think you're making things look better but at the same time it is this coupled from the stock market because it is a different thing. stuart: i will ask our guests, watch out, you can see this coming, if the market corrects, what happens to the cryptos? let's show you futures again please. we are down across the board but that's not a selloff by any means. the state department is facing a lot of criticism after taking credit for private rescue operation. that operation saved an american mom and three children trapped in afghanistan. the heroes by the operation say the state department is flat-out lying. we've got the details. president biden wants to shift the narrative from the withdrawal from afghanistan to he now wants to focus on domestic issues. stephen more says the president

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taliban and crush afghan resistance. the state department taking credit for the rescue mission that brought home four americans. the group said the state department is not deserve the credit. >> combat vet corey miller, part of the private team that walked this family over the border, the first evacuation out of afghanistan, says not only does the state department not deserve the credit but they lied about the situation on the ground. >> to basically trip the taliban commander into letting them through because across the 8 number, convinced them the leadership proved it and that enables us to pack them through at the end. lauren: the rhetoric and the reality do not match. another example, the charter planes, 6 of them full of americans and sid holders.

secretary of state blinken is in cutter and says these people are being held up, charter planes are not going off because they lack valid travel documents. over and over again. what is the situation on the ground, what are the numbers and what is the problem, whether it is ground evacuation or air evacuation? stuart: it is a hostage situation and we are negotiating with the taliban. that is the way i see it. blinken says it is not true but it seems obvious. let's move on. president biden wants to shift focus from the afghan withdrawal. my next guest as he has problems here at home. stephen moore is with us. there is a split in the democratic party. how is he going to push through all of that free trillion dollars spending plan? will any part of it he'll actually get? >> if i were at the white house i would tell the president to shift the narrative away from afghanistan as well. the problem as you said,

president biden has real problems in the homeland and one of them, a couple big stories broke over the weekends, the budgets, the democrats are nowhere near raising the revenue target they need to meet to get this spending bill through. the official score, they are halfway there. they overestimated how much money they are going to raise from $40 billion increase and many provisions. that is problem number one. problem number 2, joe manchin and christensen the, you reported last week on the big piece in the wall street journal, joe manchin said i won't vote for $3 trillion bill, we should have applause, the white house is livid at that, so is aoc progressives in congress. right now they do not have to hundred 18 votes in the house, do not have 51 votes in the

senate to get this bill passed. stuart: do you think they will get any of it? the $3 trillion deal, will they get any of it? >> i am doing everything i can. i'm doing everything i can to stop this bill and a lot of other conservative groups are trying to stop it. i believe right now it says they might get a bill that starts with one out of 3 so maybe 1.5 trillion will still be a disaster but many of the worst features of the bill are coming up. for example i don't think you will see 28% corporate tax rate, maybe 25%. i don't think of the other piece of news you may have seen over the weekend is democrats are now looking at taxing unrealized capital gains. that would be the first time in american history. if you have a gain in the stock

market and don't sell your stock you would still have to pay tax on the increase in valuation of your stock. that is unprecedented. would be terrible for the stock market, something your viewers should be keeping an eye on. stuart: it is the seizure of wealth, not taxation, reaching into your money, your wealth, grabbing a piece of it every year, not just once in a while, regardless whether it has gone up or down. >> when you do that, when you tax unrealized capital gains people don't have the cash because they own stock and haven't cashed out on it. where people going to get the money to pay the tax. stuart: sell the stock and push the market presumably. the socialists don't care. they don't care about the stock market, they don't care about economic growth, they just want to hurt the rich. that is what they are up to. i know these people. >> all redistribution. every aspect of what president biden has been saying with

respect to the virtues of this budget our socket to the rich and give more money in welfare benefits. there's a little bit of good news today. this is the first day we finally suspended those $300 a week unemployment benefits, great news for small businesses. maybe we can get more americans back on the job. stuart: over this long weekend ic for higher or hiring signs everywhere. let's see some of them come down. thanks for being with us, appreciate it, see you soon. look at the futures before we open the market. we are down but not by much. we will take you to "the opening bell" after this. ♪♪

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stuart: right before the market opens we will be down a fraction across the board.

i know you are zeroing in on the capital gains tax hike. not just a tax hike what a doubling of the capital gains tax. that i suspect would really hurt the market. that's on your radar. >> the market has taken an ignorance is bliss position at this point because they haven't looked at it but when you look at it and look at not only the capital gains tax, the elimination of the step up and capital gains tax, these are big, very important factors because for the first time ever the government is intending to tax capital gains for assets that have yet to be sold so you have a lot of people who through this multigenerational wealth strategy have access they held for decades in some cases that when they die they will be taxed that day.

this will create a very inefficient market and it is going to disincentive eyes investing even with the capital gains tax, everyone is bouncing around all these numbers, 28%, 40%, they are shooting to make it higher and the minute they make it higher there are people who will take gains and people who will be reluctant to invest because they are not being compensated for the risks they take. stuart: the market is sitting back hoping these capital gains changes will not occur but if they do occur, you think it sparks a correction? when i say occur i mean accepted in this building congress. if it is accepted at that point does the correction start? >> yes especially if they are

retroactive because -- the potential of them being retroactive people will sell because even if it only goes to 28% if you have ability to pay 20% in taxes now as opposed to 28% in tax down the road there's a lot of people who will pay the 20% now and a lot of people are going to sell assets as they wouldn't normally sell just to avoid the amount of risk they are taking which they won't be justly compensated when they attend to stuff. there are a lot of cross currents. it's very confusing proposition from the biden administration but you said it before, they are taxing success. they are going after those people, people who are smart enough to go generational

wealth going after them, they pay their fair share when most of these people paid 70% of taxes throughout a lifetime. stuart: i had that expression, pay your fair share, 50%, 60% of every dollar you are in your fair share? i don't think so. i am sure we will see you again soon. they are clapping and cheering and the bell is ringing, 9:30 eastern time. we are expecting minor leagues loss, that's what we've got. 2 thirds of them in the red. it is a down day so far, 59 or 60 points. the s&p 500, where is that? it is up a tiny fraction, 0.0 one%. the nasdaq is going down, i am going to call it dead flat.

the nasdaq composite is up 0.0 one%. show me big tech. you have to check it every day. only microsoft, apple, google, amazon on the way up. let's look at the match group, roughly 10% gain, the online dating people. why the big game? >> as of september 20th the s&p widely tracked by institutions. we spoke about them a lot, the popularity of tender not so good this year. stock is slightly lower but this 8% gain should help. stuart: there are winners and losers in the gating game. move on. let's spotify, music streamer, they are up, they got an upgrade, didn't they.

lauren: they upgraded them to overweight and took the price target to $340 crediting strong monthly active users at a faster road rate than youtube's premium. it's good for advertising in their margins plus stocks down 20%. stuart: it reminds me of the 1990s, the dot.coms, this is going up $100 and it did. same thing today with these newer internet companies. lauren: spotify has been around. crazy idea. i thought you just discovered it. new to me. can we move on to moderna? stop rolling your eyes. we did tell you about japan suspending its vaccine after finding foreign substances,

three people have died. lauren: three death linked to that. the pharmaceutical company producing the moderna shot in japan says there is no evidence at this point the deaths are linked to the vaccine. they are investigating. let's show you know the vac because the same company is manufacturing know 5 fax's vaccine and stock is up 4 and a quarter%, japan will produce 150 million, 58% of japan leaks one shot of any vaccine. stuart: i understand morgan stanley downgraded several big pharmaceutical stocks, the ones on screen right now. why did they downgrade them? lauren: for different reasons. one notch to equal weight for morgan stanley. for johnson & johnson, the limited news flow in the midterm to drive shares higher but they kept the price target, they took mark's price target

to 85 so it is not terrible and amgen, 251 so not a major selloff but they are impacting. stuart: tuesday morning, take a look the meme stocks, just two of them, game stop and amc. so far this year these shares have surged 900%. look at amc for a second. 2 million people went to their theaters over the labor day weekend, that a large number, the stock is up 3% on the news. lauren: a labor day record. labor day weekend record for the movie theaters. the new disney movie is one of the reasons for it and game stop is up to present up 2000% this year. stuart: amc trading on fundamentals record box office over the weekend. stuart: lauren: they have good news to support the share price being up 3.6%. stuart: another standout,

jd.com made a change at the top. why should i care about the new president of the chinese company? >> the new president will be responsible for daily operations paving the way for ceo richard blue to step down amid this criticism and crackdown from beijing and we heard comments from the new president that are in line with what china wants to do, national objectives, spread the wealth like we do in the us, help other companies, maybe he could potentially be influenced by president xi. stuart: they are towing the line and ago the stocks. the dow is down 120 points. i am looking at boeing down one.8%. ryanair walked away from their

dream liner purchase. why did they do that? lauren: the max plane, trying to rebuild confidence in that jet after the grounding for two years. ryanair is one of the biggest donors in general. they publicly and talks with boeing worth tens of billions of dollars because our price dispute. that you would have been for 250 of the new 230 seat max 10 jets. list price was $33 billion. usually you don't see these negotiations happen in the public like this but ryanair says we are walking away because of price and i think it took investors by surprise at a time when boeing should be trying to have as many carriers as possible carry. stuart: maybe they are playing hardball. with a discount. come back and talk. what do i know? we have some dow winners even though the dow is down 125 points.

we have visa, home depot, jpmorgan, intel and goldman sachs, the dow winners. next up put the screen closer to me so i don't have to squint. s&p 500 winners tesla at the top of that list. netflix is on their. lauren: mastercard, difficult to see. stuart: we will change that. nasdaq winners, do we have any big tech? tesla, netflix on the nasdaq winners please. check the big board again. we have more red ink than we were expecting, futures predicted a lot of 40 or 50 points, we are down 120, that is one third of one% to 10 year treasury at 137 up at that level, one.37%, the price of gold $18.15, bitcoin went above 50 grand over the weekend, came

down 50 this morning, your at 51 exactly, 51,$000 exactly. oil, $68 a barrel but the price of gasoline keeps going up slowly, gradually, $3.19 for national average and california way up there, $4.40 for gallon of regular. formula director of national intelligence ric grenell has alarming warning, what he's hearing about the vetting process for afghan refugees. >> people who used to work for me and have now contacted me to say that the vetting process is atrocious. they are told by biden administration officials to rush people through if there is not proper documentation. this is illegal. stuart: so far reportedly 100 evacuees have been flagged for possible terror ties. ric grenell joins us at 11:00. despite the disappointing jobs report the president insists his plan is working.

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♪♪ stuart: all right. joe coacha married to the same woman for 50 years. feeling all right. that is an update. that is jacksonville beach, florida, sunny, 83 degrees and i would love to be there. passengers flock back to airports over the labor day weekend. tsa reports uber, just over 2 million people traveled through the checkpoints.

that's close to labor day traveling 2019 when it was 2.1 million. pretty close labor day weekend. companies delaying business travel. that's because of the delta surge. >> they do you may return to the office plans. much of corporate america pushed back to october to january of 2022. corporate travel is not going to come back, can't get workers in their seats. delta airlines, 50% of 2019, corporate travel numbers back, not going to hit it. not sure when we will hit 60% of 2019 but we are at 40 and stuck at 40% at 2019 levels. they will not hit 100% but the goal is 80%. stuart: i would love to go to international travel.

another year to get there is a long time. >> and -- >> it affects so many families. let's move on. president biden blames the delta surge for the disappointing august jobs report that thinks his own plan is just great. >> despite the impact of the delta variance was we are seeing is an economic recovery that is strong. the biden plan is working, we are getting results. america is on the move again. stuart: the biden plan is working, america is on the move, enter larry kudlow with his assessment of what the president just said. what do you think? it's not the delta variance. what a slowing the economy? >> i don't know what the biden plan is to be honest with you.

stuart: on steroids. >> exactly right. those job numbers were affected by the delta variance. you saw it in a flat line for leisure and hospitality which took out 400,000 jobs from prior months. the rest of that story was pretty good. unemployment fell, underemployment sell, the household survey which produces the unemployment numbers was up 500,000 so wasn't the worst thing in the world, revisions in prior months are up 140,000. i think the delta variant did interfere. i also think all the spending is interfering because although half the states of leaned off of the unemployment insurance,

you have federal assistance coming, food stamps, the monthly child tax credit payment, tax refunds, a check mailing out and eviction rental eviction money that has yet to be paid out but is out there, so you've got a mismatch. all these job openings, over 10 million and you still have soft labor market. not soft but underperforming. i would say get government out of the way. let the labor market work and we will all be better off and we have to talk about this disastrous task and spend and regulate plan coming down the road which i think is damaging the whole future outlook of the american economy. stuart: do you think, the $3 trillion proposal, do you think bernie sanders will get any of it?

>> first of all, take out the time gimmicks it is 5 trillion and another trillion on the so-called infrastructure bill which is about a third infrastructure in the green new deal. i don't know. there's a lot of barriers to getting this through but i also think the democrats at the end of the day probably can get the votes, they will have to slim down spending. instead of $5 trillion it might be $4 trillion. that is damaging the economy. the worst thing i have seen apart from the spending and the spending comes from regulations which blocked the economy but the ways and means committee and the senate finance committee are marking up tax hike bills the likes of which we have never seen and because

they are so short, the spending, they think they will pay for it, it's not going to be close, they are looking at stuff like taxing share buybacks, millionaire taxes or billionaire taxes on unrealized capital gain. seriously. if it moves they want to tax it but joe manchins of the world maybe they can stop this train. i'm not so sure they can but it is worth a try because next year's growth of this bill goes through next year's growth will be significantly lower than this year's growth and has nothing to do with the delta variant. stuart: and the stock market will not be doing well. we will watch you 4:00, 7:00 eastern, we will be there. update the markets, still very much in the red for the dow industrials down 180 but the nasdaq is a new intraday high

earlier and it remains 7 points higher. senator bernie sanders wants our country to look just like europe and it just might happen if he and his fellow leftists get their way with biden avenue spending plan. my take at the top of the 10:00 hour. more citizen states mandating all workers get the jab but that requirement is getting a lot of backlash. report on that coming up next. ♪♪ ♪♪

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or be subjected to they could lose their job and be fired if they don't get vaccinated. illinois governors mandating all healthcare workers, teachers and staff at pre-k through 12 grade schools and students and staff at colleges and universities get vaccinated by september 19th. the city of chicago taking things further. all city workers have to be vaccinated or they could lose their job. that includes police, firefighters and paramedics. seattle has a similar mandate to chicago and 200 officers, 20% of the department's total deployable staff could be fired for not disclosing their vaccination status according to a local report. labor unions are pushing back especially those for first responders, the firefighters union president in chicago says i'm 100% opposed to the mandate.

it should be a personal decision. chicago public schools requiring a, 90 bus drivers quit just days before the start of the school year over the mandate the left hundreds of parents to scrambling to find a way to get their kids to school for the first day. stuart: grady trimble, we appreciate it and see you soon. here's what we have on the show in the remaining two hours of this extravaganza, jason chaffetz, matt schlapp, ric grenell, the second hour of "varney and company" coming up. ♪♪

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♪. stuart: all right. good morning, everyone. it is 10:00 eastern. straight to your money, please. we now have a 200 point loss for the dow industrials. 205 to be precise. you're still at 35,000. let me remind you on the day that donald trump was elected in 2016, the dow was at 18,000. we're almost doubling of the dow since that time. 10-year treasury yield moving higher. that may account for losses or some of the losses. we're at 1.37% as we speak.

that is up significantly. bitcoin hovering around 50,000 bucks at 50,600. that is the state of play on the market this morning. the big loss is in the dow and now this. if bernie sanders gets his way america will look, feel, and perform just like europe. he and his fellow leftists want to spend $5 trillion to put the federal government in charge of your life literally from cradle to grave. in bernie's world let me outline your life. before and after birth, parent get paid family leave. up to age three the government helps with day care. after age three the government gives free pre-k. cash for kids up to 18. at after high school two years for free community college. and for you parents get expanded dental care, with vision paid

for, cradle to grave. if you think that will only cost $5 trillion dream on. if you think any benefits once given can be withdrawn, dream on. if bernie gets his way, america will be a different place. a better place? in my opinion absolutely not. in bernie's america unemployment will be permanently high like europe. taxes will be crushing will extend down to the middle class just like europe. innovation? say good-bye to america's dominance. most of all work. bernie will give you all kinds of excuse not to work. he will stamp out dynamic people who want to move up the food chain. he is for handouts. we're in the tipping point. in the next two months we'll have to decide who we are. that is my take, jason chaffetz joining us now. with your experience in congress, jason, realistically how much of this five trillion dollars in spending will we actually get?

what's your assessment? >> well, we're well on our way to probably more than half of that already. look, bernie sanders, for a long time in washington, d.c., remember he has been there since, for decades, was not even a registered democrat because he was viewed as such a radical leftist, a socialist really in his methods and his policies but we're well on our way there. think about it. the federal government is spending nearly one out of every four dollars in country, nearly 25% of gross domestic product is scheduled to be spent by the federal government. it is disgustingly big now. if bernie sanders and aoc, all these people of the far left, really kamala harris and joe biden if they get their way, it is going to worse not better and certainly i would agree with everything on your list. i would just add inflation on top of that. stuart: explain this to me. how come we're in this position where we will probably be

spending two to $3 trillion on all kinds of programs, that is probably going to happen? how did this when you come to pass a divided democrat party, evenly split senate and tiny majority for the democrats in the house at this point? how did we arrive at this point? >> i blame in part both parties. the democrats put their accelerator down. it is to record levels but for decades we have not cut spending. we always talked about spending more but we don't cut spending. it is interesting because as donald trump and republicans cut taxes and put the brakes on regulation, came up with a more, beneficial regulatory scheme the economy soared and revenue to the treasury went up. what the democrats don't understand is, by raising all of these taxes they want to raise it will suppress the economy. but along the way both democrat and republicans lost the idea we

have to temper spending. we haven't. stuart: a lot of this is free stuff, giveaways, i think that may be politically popular. can you see biden recovering his momentum politically to win in 2022? >> i can't. i think he is a poor communicator. i think foreign affairs abysmal. the stuff on the border and overall law and order is not moving on his side. if you really think about what has he done on covid and that, he really hasn't had success there. and again as we go back to the, he is not a good communicator. and he has kamala harris striking him down as well. i don't know how he does. this he thinks as all these democrats seem to think, there is reason why this is stereotype, they to tax-and-spend, they think spending more and spending more again will win the day but, there comes a i a breaking poin.

i think we're past that. stuart: maybe so jason chaffetz, thank you, see you again soon, sir. nasdaq ekout tiniest of tiny gains. hitting all-time high earlier in the day. jason katz joins us. you keep saying that the s&p 500 will hit 5000 by 2022. that is year-and-a-half away. that is not a huge gain. looks like you're talking about plateauing. what do you think? >> we've had all-time highs for the s&p. get this, 30% of this year. you and i have been around long time. 9/11, "flash crash," 09 crisis, covid crisis. markets go up on an escalator. but what do they do? go down in an elevator. i'm constructive of the market.

i think the low-hanging fruit has come and gone. it is time to do your homework to be discerning. we'll be in rough and bumpy waters here with a whole host of reasons you covered here, notwithstanding taxes. stuart: if the market corrects will cryptos go up or down? >> i heard you discuss this earlier this morning. you think about the largely uninterrupted rise of the market over the last decade. cryptos have moved up in unison. their battle armor will be tested if they are a store of wealth, the so-called new gold. frankly to me it's a risk asset. it's a risk asset here to say as you said this morning as well. i tend to think it will be correlated to go lower if and when we get a stock market correction. stuart: is there anything you would be selling right now? >> anything that is rate sensitive i would avoid like the

plague. i'm not suggesting that the rates will go parabolic here, people hit in long duration vehicles preferred stocks, utilities, long-term bonds. we had a bull market in rate sensitive vehicles for the better part of my career. we have yet to have a correction in anything rate sensitive. that is where i think it comes home to roost. unfortunately retirees could ill-afford it. stuart: i'm wringing my hands throughout the summer of an imminent correction. i'm doing exactly the same thing as we head towards the fall. jason, you're relieving some of my anxiety. good stuff. thank you, jason. >> thank you, stuart. stuart: lauren, come in please, you have a list of winners, not winners but big movers. bio marin pharmaceutical. lauren: a gene drug put on hold by fda. that is not good. stuart: novavax. lauren: japan buying 30 million

doses of their covid vaccine. it's a novavax shot. stuart: back to amc. how did their theaters do over the holiday weekend? lauren: fresh labor day weekend record. better than 2019. better than any level. two million people went to the theater. why? there was something to see. disney's new movie, shank chi and 10 rings, only in theaters. for this movie, disney will make you wait a little bit until mid-october to see it on disney plus. stuart: went to theater to see amc movies. got that. el salvador is now the first country to make bitcoin legal tender. they, tell me how much -- they had to have a float. you have a acceptable currency you have to have a float of tank of money to distribute and pay out. how much they got? lauren: 400 times 51,000, and 20, $25 million worth. bitcoin today, this is such a

crazy story. it is legal tender in el salvador. an incredible opportunity for the country but a major financial risk, right? it is volatile. they have a fragile economy dealing with the price falling quickly. a lot of el salvadorans. are reading several articles. they don't like it. or take on the risk. they don't trust it. it is not really backed by anything. stuart: the rice moves up and down. lauren: your earnings, paycheck could be volatile. taxi driver, merchant you have to accept bitcoin as legal tender what happens to it? stuart: how much is a haircut in bitcoin in el salvador. lauren: depends on the day, exactly. stuart: more news here, this time from boeing. ryanair walking away from the big, very big 737 max jet contract. why are they walking away? lauren: pricing issues. they want ad better deal for the 737 max and boeing will not give it to them. i thought this was interesting because there were so many jet

delays during the pandemic. what the delay does, it give as buyer the ability to maybe renegotiate prices, to talk, in this case airbus perhaps for another jet but boeing is standing firm. i mean they, southwest and ryanair are some of their biggest customers and they're not budging too of when it comes to price. ryanair has walked away. we'll see if they return. stuart: boeing a down stock. down nearly 2%. i don't know how many points it has scene off the dow but helping the slide. the dow is down 250 points. another country now trying out a four-day work week, just as a national policy. we'll tell you which country we're talking about if you can't guess from the video. at least 1000 schools have closed, excuse me, because of covid since july. college students say they need to be in person to learn. watch this. >> do you think you will have a better, easier chance of learning if there is teacher in front of you like being in

classroom, lecture hall, whatever it might be. >> definitely. you're much more engaged. >> not there typically, not there mentally. stuart: got that right. mike gunzelman will hit the streeted and file the report shortly. americans desperate to leave span stan have been grounded for days. looks like a hostage situation. we'll get a report on that coming up. w how i feel ♪ ♪ breeze drifting on by you know how i feel ♪ [man: coughing] ♪ it's a new dawn, it's a new day... ♪ no matter how you got copd it's time to make a stand. ♪ ...and i'm feelin' good ♪ start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy.

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however, jpmorgan and goldman sachs, they're both dow stocks and they're both winners. could say a couple of greens in a sea of red. that's what we got. now this. reports that americans are being held hostage, my word, hostage by taliban in afghanistan. republicans say six planes carrying some americans have been held for days in an airport in the northern part of the country. edward lawrence joins us. the administration says they're not hostages. what is the real story? reporter: not hostages, the way they're wording it, the leverage the taliban uses historically has been with hostages, that is how they make their money. that is how they have their leverage over the united states at the moment. representative mike mccaul again those six planes are at a smaller airport. the taliban is making demands before it allows those planes to take off. now the administration this morning downplaying it. listen how they talked about this situation.

listen. >> we have been able to identify a relatively small number of americans who we believe are seeking to depart maziar el sharif. all american citizens, afghan citizens with valid travel documents will be allowed to see reporter: they're still sitting there. the organizer of the first successful relief mission out of afghanistan since august 31sts said they got no state department help. the state department is trying to take credit for some of that. hundreds of americans remain in country and many allies that helped the courts of the u.s. over the war. the taliban needs money to keep it going. some of the veterans say they use has damages for money. the veterans say this is time to get everyone we need out. >> the united states needs to be strong. the united states needs to pick up a phone and call whoever they're negotiating with, the taliban and demand our americans

be able to fly out of there. we can't, we cannot allow the taliban to continue to pull the strings on this and make the decisions in this. reporter: that would remove some of the leverage there as he was talking to "fox & friends." they have already, the taliban already started to buy oil from iran we're hearing. in fact the overseas development institute says the taliban made $84 million in 2020 with trade, with taxing the trade on iran. the country of afghanistan itself has cross-border trade of $1.3 billion with iran. if the taliban can get more of that money the u.s. loses some of the leverage it would have over the taliban the administration claims they do. stuart: we got you edward. thank you very much indeed. bring in retired marine corporal, congressional medal of honor recipient dakota meyer. honor to have you on the show. you won your medal of honor for your actions in afghanistan.

did you ever think everything would unravel so quickly? >> look, i never thought afghanistan could woman some democracy or some centralized government. this is the way we set up, way we operate over there, look you will not force them to do that. just the hopes that we had, speak for myself was that we left afghanistan a better place than when we found it. that was truly the goal of the which we're definitely see something not the case right now. stuart: how do you feel about that? >> i mean i, i'm not surprised, right? look, i think all this is about money. i think you've got these hostages sitting on the tarmac out there right now because, i think the democrats and this administration plan on sending the taliban money. you will watch in a few days they will send over a pallet of money and the taliban is going to give up all these people. look if you look at the facts of this, this is what people are saying, it all adds up. we gave them the list of americans we're trying to get

out. we gave it to the taliban, but the taliban isn't going through and killing these americans. they're literally holding them on the base. the state department was blocking our veterans, people who were going over there bringing these people to the gate, they were blocking the americans from leaving. sending them there i promise. this is a classic american way of where we're tired of dealing with this, so we into evidence to send a pallet of cash to deal with it. democrats are smarter than iran. the democrats will send it this way, look like we're getting americans out. stuart: you can blame the state department but the obvious question is do you have confidence in our commander-in-chief, the president? >> i mean absolutely not. i don't have confidence in him. i don't have confidence in our generals who are leading the world's strongest military.

one colonel stand up to have the integrity, have the courage to stand up ask the questions why are we doing this? this does not make sense. we've had 13 u.s. servicemembers get killed outside of kabul. we pulled out. we made the police worse. why are we negotiating with the same enemy we've been fighting for the last 20 years? it doesn't make sense. stuart: do other marines feel the same way? >> oh, absolutely. that is what is so crazy. all my friends, all the people i served with, sitting here looking at this, it is so political. these are all decisions made politically. the administration was buying on that the american people wouldn't care. they were betting on that this would just be a news cycle and would go away. what i will give credit to the media is, is that they have kept this topic alive. that is what is going to be, when people ask, does the war go on? well it does. the war goes on but now it is a war of trust.

trust between the administration, trust between the media, to keep the news and reporting the news as it should be and not letting this go away. and trust between our allies. that is what the war is now. stuart: can dote at that meyer, congressional medal of honor winner, an honor to have you on the program. please come again, sir, appreciate it. >> thank you, sir. stuart: next the state department getting a lot of heat for trying to take credit for the rescue of four americans from afghanistan. give me the story please. lauren: ex-combat spread, cory mills, he, private team of military veterans and texas congressman ronny jackson evacuate ad family of four from afghanistan, not the state department. congressman jackson tweeting this. after two weeks and multiple life-threatening attempts i'm overjoyed to share that four u.s. citizens from my district were part of the first successful ground evacuation. so here's the deal. they went to the airport as they were told to do by the state department many times. they were turned away. they were stopped by the

taliban. at one point the mom had a gun pointed to her head, okay? they're in contact with the texas congressman, veterans here, private groups and they eventually were able to get them over land evacuated to another country. they're not sharing with i country that was because they don't want to impede the ability to use that country for safe passage going forward. but the first land evacuation, ground evacuation, it wasn't the state department. it was our own, our own private citizens. congressman ronny jackson. stuart: the man who was the president's doctor, president trump's doctor. he was on the show quite frequently. he should come back. no vax, no visit, the doctor refusing to treat unvaccinated patients. back to class finally for college students. roll tape. >> did you learn anything remotely at all or was it difficult? >> i did not learn anything.

>> i had to learn but obviously note the same as if was in person. >> i felt i was in my apartment taking classes, not a part of my college community at all. stuart: did you see the wisconsin football game over the weekend? tens of thousands of youngsters packed together, clapping and cheering, no masks. so why do they have to wear masks actually in class? mike gunzelman brings us more of the interview with college students after this. ♪.

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stuart: it's the day after the labor day weekend. theoretically this is the time when it is back to school. however, some school districts are struggling with teacher shortages and covid outbreaks. lydia hu in new jersey with our report. lydia, what do you have? reporter: stu, hundreds of schools are shutting classrooms as kids are trying to get back in to start in-person learning. across 33 school districts, more than 1000 school classrooms closed temporarily due to covid outbreaks. proving particularly problematic in the south where we're seeing highest incident rate of kids with covid in the country.

meanwhile the debate about mask wearing rages on. 17 statesman dating kids wear masks returning to the classroom including here in new jersey. this is a group of parents challenging that state mask mandate. watch this. >> if parents want to mask their children, if that is what makes them feel safe that's great but don't push that on me and my children. my children can't do that. reporter: hearing on the parents' challenge is scheduled for nursing. add together complications is a nationwide teacher shortage. as of august stuart, we know that we're down about 220,000 education workers nationwide compared to the pandemic. the shortage is so great in some areas that classrooms cannot open for that reason alone in nearby elizabeth, new jersey. schools there are re reverting back to remote learning, closing classrooms because they don't have enough teachers to open. also in iowa, napa school

district closed classrooms for extended labor day weekend because too many teachers called out. they don't have enough substitute teachers. stuart. stuart: i call that chaos. lydia hu, thank you very much. see you again soon. earlier we showed you interviews briefly with youngsters going back to college. the issue is in-person learning and vaccine mandates. mike gunzelman did the interviews he joins me now. what did you find? >> this is interesting. this past weekend was the college kick-off. tens of thousands of fans in stadiums across the country. this is the first time any of these students are going back to school for the first time in year-and-a-half. i hit up new york city, surrounding campuses, asked them what their expectations are for the kind of new normal that they're going to expect? ♪. did you learn anything remotely at all for was it difficult? >> i did not learn anything. >> i did learn. i had to learn.

obviously not the same as if i was in person. >> there are benefits to both. i think a lot of people really thrived in the virtual environment. >> i didn't feel like a student. i felt like i was in my apartment taking classes not really a part of my college community at all. >> having a real teacher in front of you, how does that feel? >> very cool. >> needs getting used to. feel like finally. >> people inherently learn more in an environment made to be learning more. >> i feel like it will be a good opportunity to meet new people face-to-face. feel like i retain information. >> i can't really learn if we're not interacting with the teacher. >> i struggle with math classes and stuff. i have to be like with the teacher. >> do you think you will have better, easier chance learning with a teacher in front of you, classroom, lecture hall, whatever? >> definitely much more engaged. >> you're not there physically, you're not there mentally. >> vaccinated right as well? >> yeah. >> bother you? >> make everything easier. >> for the vaccine, effects, life-saving all that stuff but i

don't know about forcing people. >> i'm extremely happy if it wasn't the case i don't think i would be comfortable going into an nyu building. >> i was vaccinated for quite a while. it was not something an issue for me. >> i feel more calm, at ease because everyone is vaxed. stuart: good stuff. that was good, but there is something i don't understand. like you, i was watching wisconsin, football over the weekend and i saw these banks of students, tens of thousands of them all wearing red, all shouting and cheering, no masks, close together. what's with that? you do that at the stadium, but go into the classroom you got to wear a mask? >> that was one of the biggest things. couple takeaways. those students were across the country, went to high school. one is, remote learning does not work whatsoever. these students, listen to the kids. these are the ones, all right. teachers, school boards, superintendents, not listening to the ones they're supposed to be looking after. kids tell you it is not working.

many times the teachers don't require for the remote learning for to you turn on the camera. they don't even know they're there. they're taking naps, playing video games. they're telling me this. the remote is not working. the other thing is the mask. many were frustrated. i got vaccinated why do i have to wear a mask. others say it is difficult to learn when you can't see reactions or whatnot. they are frustrated. it is kind of funny for years, people around students tried to figure out how to skip school. now they're doing, will do anything to go to school. you know. it is a miracle. they finally want to go back to the classroom! stuart: great report. thanks, gunz. now this, amazon reportedly planning to expand its in person medical care. lauren, do we know which cities they might do this in? is it a nurse or doctor on the premises? lauren: uh-uh. nurse or doctor comes to your house. stuart: to your house?

lauren: amazon care is the name of the app. right now if you work for amazon in washington state you and your family can use it. they're expanding it to 20 different cities including new york, denver and atlanta. instead of going to the doctor's office fill out the forms, do a virtual meet-and-greet if you will. you do everything on the computer, on your phone. after that, a clinic, could be a doctor, but also could be someone to draw blood work, a nurse, they come to your house do what they have to do. called amazon care. it is working in washington. they're now expanding it. stuart: that takes me back 50, 60 years, doctors came to your house -- did a house call. i haven't had a house call in decade. lauren: our pediatrician moved to concierge services. you spend more money but you have her private cell phone number. she will call you anytime of the day. doesn't come to the house but you get that special treatment. so it's similar, right?

more of that, not coming to your house. special one-on-one treatment you don't get sitting in urgent care or in your car waiting. money. a little bit of money. give you my cell phone number if you give me extra 200 bucks a month. stuart: is that how it works? lauren: apparently. i didn't sign up if anyone is asking. stuart: fascinating. get back to the markets. we have a selloff, at least for the dow industrials which are down 3/4, 278 points. nasdaq is fractionally higher. it did hit intraday high earlier this morning. blackstone, full disclosure, i own a little bit of the stock. they're buying chamberlain group. they're paying five billion dollars for it. chamberlain is the family owned maker of lift master, the garage door openers. blackstone is it down 12 cents. it is $128 a share. it has quadrupled in the last

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♪. stuart: extended unemployment benefits gone, finished but the question is, will this push more people to get back to work? jeff flock in illinois at a moving company. did the owner offer kind of incentives to get people back to

work there? reporter: he absolutely did and it did have some impact i think, stuart. i will ask him in a second. stuff coming in from st. louis. this is going out to florida. it has been a busy moving season but john of mini moves it was tough to find people. >> it was. tough summer, good summer for the industry. reporter: lot of people wanted to move. >> wanted to move. pandemic demand brought in business for 2021. labor shortages, labor increases, signing bonuses. reporter: let some people work from home that you wouldn't have let? >> absolutely some people work from home as well. very flexible. trying to manage a business. reporter: take me through a warehouse, as we look through the numbers, you made this point earlier in the broadcast. there is no guarranty to the end to unemployment benefits are going to lead to more people, is

it? >> no. we're not sure about that as well. we're concerned what happens in the next couple weeks with the unemployment benefits. hopefully bring people back to work. opportunities for us to increase staff. reporter: look at numbers, stuart, wall street j did analysis of those that ended unemployments early around those kept, they found there was no real difference f you don't get extra workers what will it mean to you. >> a tough fall and winter. tough summer. we'll do best folks we retain. internal incentives. best way keeping production intact. reporter: going to cost you more. mr. varney, you better not move. it will cost you if you do. stuart: jeff, seems to me something has changed. the pandemic changed something in our society. maybe its with the work ethic because something really did change there. last word to you, jeff. reporter: you and i, you and i are still working just as hard as we used to, aren't we?

stuart: of course. absolutely jeff. you know us. this is "varney & company." proud member thereof, flock. see you later. now this. i was trying a fake accent a few moments ago trying to tell you which country it is going for a four-day work week. i used a scotts accent. you may have not recognized it but it is scotland doing a four-day work week. obvious question, you work four-days, but you get four days pay? lauren: no, you get 100% pay, work 20% fewer hours. permanent three-day weaken, wages stay 100%, completely whole. iceland, new zealand, tried this. workers were happy, more productive. sweden tried this. they said you work fewer hours every day, work five days a week. it did not work for them. that makes sense. annoying getting ready for work. you still have time on your

hands but you have to go in. this is the trend, spain is doing it too. the four-day work week. stuart: i love to give it a shot, i really would. lauren: hybrid schedule. stuart: stuart: three-day weekend every week. i will take it for 100% of your pay, i definitely take it. got more downside for the dow. we're down 280 points. that is, i'm sorry about this, i have to look at it. down 3/4 of 1%. there is this too. tom brady giving advice to nba player steph curry about cryptocurrency. what is he saying. lauren: real simple. laser eyes, red goggles, like futuristic eyes that is meme for being a crypto investor and tom brady actually changed his profile picture to the laser eyes. didn't work for him. bitcoin went down precipitously, telling steph curry

tongue-in-cheek don't change your profile. stuart: that is a stretch whatever you say. now there is a watchdog in the uk, in britain calling out kim kardashian for an advertisement she posted, i guess it was about cryptos. lauren: for a new coin called ethereum max. this is not ethereum. this is a different coin. the uk regulator says it is speculative. it was created a month before kim pitched it to her 250 million instagram followers. they don't know who created it. i'm waiting for kim kardashian to respond to this. stuart: what is she up to? lauren: she gets paid a lot of money to advertise for certain companies and now for cryptocurrency do you understand what you're telling people? stuart: and do you own it before you pumped it up? lauren: exactly. stuart: good question. i don't know. i don't know the answer. coin called cardano.

car dan know, is it the new bitcoin? interesting question. luke lloyd will tell us about the third largest cryptocurrency. the cardano. i didn't know much about it. president biden hoping to move on from the afghanistan crisis and get his domestic agenda on track. is it really that easy? i will ask brian kilmeade here. he is next. ♪ ♪ ♪ ♪ ♪ ♪

♪ ♪

stuart: nasdaq up a little. dow down a lot. all right, it is now 10:51 eastern time. that means it means brian kilmeade joins us. there he is. there he is. the president is trying to shift away from afghanistan and move towards domestic policies, specifically 3 1/2 trillion dollars worth of social i-t spending. i don't think it works. i don't think you can make that transition just like that. what say you? >> it is up to the american people. don't allow it. say to yourself, foreign affairs not number one on the hit list. after labor day, it should matter. it should matter because american prestige matters.

if you ask anyone walking around streets of new york, vietnam, that didn't end well. world war ii, i wish wars end cleanly like that, clear victories against two-bitter enemies. this did not end well purposely. he went out of his way to have the worst dismount from a prolonged interaction in the history of american warfare but we have a few moving parts. what happened leading up? we'll begin to find find out abt that now. why did he leave americans behind? that is unacceptable. y is the state department starting to take credit as one american family was able to cross via land first time over the weekend and what exactly is going on with the refugees. stuart, i don't know if you saw, it is reported now that military bases are told to get ready for 50,000 afghans? really? 50,000? where are we putting them? maybe they babysit unaccompanied minors from the border. military things happening on the

bases. what will we do there? raising them now? who are they? stuart: with you on all of this, brian, but you suggested this is deliberate on the part of the president, that he deliberately created this mess at the end. a bit strong, isn't it? >> no. i think i will be clear. i don't think he deliberately did anything. i don't know what he is doing. i think if the military did go up to him and didn't tell him what could happen, then they're negligent. if they told him and he ignored it, then he is bizarre, gone, unequipped for this position because what you are seeing right now, leaving americans behind, saying everything inaccurately. july 8th is his january 6th. july 8th he told us the taliban will not take over the country. he said 300,000 man army will hold up 75,000 man army. they're the best equipped in the world. number three we'll all be safer because of it. none of this stuff has come close to true. what he is trying to do bringing up afghanistan, walk away from

it, mutter something unaudibly. i think the american people demand more from their leaders. according to the latest "washington post" abc poll he has 36% approval rating with independents. overall 44%. but everything including coronavirus issue he is dropping on. that is positive 50. everything else is below 50. i think american people deserve better. i think with our centcom, with general millie said to jennifer griffin the way he is talking about how it was okay to leave, we couldn't take bagram airbase. now it will devolve into a civil war. that he couldn't have anticipated afghan army falling apart, every single one of those statements is unacceptable for a person in his position. stuart: looks like we have hostage position in play right now. maziar el sharif. planes on the runway. they have been there for some

time. they contain americans and special visa people. i think we'll buy them out. in other words, they're hostages. we'll pay them money to get them out and call it success. i think the american people will be appalled at that. last word to you? >> absolutely. what do you think the secretary of state is doing in qatar today? they will be ones to make the deal. on this case with the six planes done by private industry, not by the state department who are making it harder, not easier for americans to get out. i think it is 19 americans and 40 plus sivs. stuart: yep. >> on four separate planes. that is a lot of open seats. i talked with chad with a group called save our allies. he thinks there are 5000 americans there. five thousand. what is the state department doing with 5000 left behind? we didn't leave deceased americans behind from battle. we're negotiating to remains back from the korean war. yet this administration is

willing to leave 5000 americans who are alive, told you 19 times to get out. really you? also told us the afghan army would be able to stand up, that you couldn't have anticipated this type of collapse. you can't have it both ways. stuart: then give us socialism as a sort of palliative because of the failure in afghanistan. >> cradle to grave. not affordable. not in this country. stuart: well-said, well-said. exactly right, brian. see you real soon. >> go get em, stuart. stuart: attention to the dow, the dow is down 271 points. look who is coming up on the show shortly, ric grenell, formerly director of national intelligence. representative claudia tenney, she wants to know a lot more about that july 23rd phone call from president biden to ghani, the afghan president at that time. matt schlapp, he will deal with whether or not the president's up to the job. that is going to be "my take," and that is coming up next.

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democrats are nowhere near raising the revenue target they need to meet to get this $3 trillion spending bill, the virtues of this budget are still sock it to the rich and give more money in welfare benefits. >> by raising these taxes, and

the idea that they temper spending. >> the first time the government intends to tax capital gains are assets that have yet to be sold. this creates a very inefficient market. >> all these job openings, 10 million, and soft labor market, not soft but underperforming. get government out of the way, let the labor market work. ♪♪ stuart: good morning. it is 11:00 in the morning on the east coast, markets presenting a mixed picture. the nasdaq hitting an all-time high, up 16 points with the dow

260 points. the tenure treasury yields one.37%. bitcoin dropped below 50 grand, it is down 47,$600 a coin. we came on the air at 9:00 eastern it was 51,000 so you had a drop since then and we are at 47795. politics at a boiling point. and the socialist spending plan, and the political debate.

and the ability of president biden to do his job. putting it delicately. the president's cognitive abilities in question. this is a difficult thing to talk about, this is the president of the united states, worrying to see our president stumble so often in public, slurred words, losing track of his thoughts, forgetfulness, he doesn't seem to know what he is saying with his have this protect him, they cover for him and that raises more red flags. we keep asking who is really in charge. the president turned 79 in november so inevitably we look more closely at vice president harris, her cognitive ability is not being questions but her performance in office has been panned by just about everyone. president biden is unlikely to snap back. as many of us know as you get older you don't recover memory, focus or stamina. vice president harris is unlikely to suddenly acquire reputation for getting the job done right.

in other words we have a problem that goes way beyond our toxic politics. there is 3 and a half years to go with an aging president who does not always appear able to do the job and there is no easy solution to this. matt schlapp with me now, difficult to talk about this, questioning the ability of the president to do his job. i question that ability and don't know what to do about it. >> i'm sure a lot of people won't believe i give president biden a fair shake. important to look at the numbers. even among democrats, very alarmingly high number of democrats, 20% are saying they are starting to regret their vote for president biden, that could be for any number of issues, the coronavirus when president biden basically did their mission accomplished tour on the virus and then human tragedy in afghanistan where it

is impossible for the american people to get it through our heads that our president didn't realize his mistake and try to reverse course, instead like a bulldog hung in a double down the idea of abandoning americans, something this presidency will have a hard time getting over so back to the numbers again, 30% of republicans, never trump republicans who voted for president biden, because he is losing in the polling and his approvals are under 50% it takes intellectual seem to take back the momentum of the debate and our president does not have that theme. >> we have 3 years to go. that the long time with an aging president. >> i don't think he has 3 and a half years. we have to look at this honestly which is this is a job that is 24/7 all the time and if you look at all the major issues that have already had the president's desk he

stumbled quite badly and now we are negotiating a catastrophic tax increase that will make america uncompetitive and hurt the american working class even more. the issues he's trying to get done before the end of the year will torpedo any eventual success he could have on the economy. your conversation i heard you talking about in the previous week as well you have president biden who is stumbling, people look to kamala harris who has worse numbers than any politician then nancy pelosi and who is behind kamala harris, nancy pelosi is not exactly enduring love in purple america, she is a blue socialist democratic leader so we have a crisis in this country on the democratic side. i know i'm a partisan republican but i think there's a real opportunity if the republican party will stand and fight on principle, if they

will do that they have a chance to make a difference in this country. stuart: matt schlapp, always good, see you again soon. let's get to the cryptos. show me bitcoin, 37,$000 a coin and following as we speak. luke lloyd is with us. cards otto -- cardonoh, is it the largest crypto currency had a challenge to ethereum? >> a lot of people are getting bored with bitcoin and ethereum are looking for the next bitcoin or ethereum. the third largest crypto currency a challenge to ethereum's technology. could it be the future? absolutely but do i think it is the future? i don't think so. the majority of crypto

currencies in my opinion are not going to survive the next decade. they will fail directly as a project or get caught up in regular story head wents down the road. the beginning stages of a technological revolution, thousands of crypto currencies out there, they do something, the big problem is similar to the dot.com bubble, thousands survived. the first movers, they weather the storm, they stick to those too. stuart: let's bring lauren in here. emergency unemployment pay, those checks are gone. how many people does that affect? >> the century foundation says 70,000 americans not getting any extra unemployment benefits which by the way deliver $800 billion to out of work americans over the past 18 months. we are reporting this from different angles, jeff flock reported the wall street journal tally that in the states the cut off those

benefits they didn't see workers jump back into the workforce raising their hands to get jobs. stephen moore, larry kudlow, the extra 300,$000 a week for child care, as i said, the cultures changed, people don't work way they used to work. stuart: in a subtle sort of way, people don't want their old jobs back, they want something different and new. luke lloyd still with us. does this affect the market rally at all? >> interesting talking about this. somebody told me they were making more money on unemployment than other jobs. not going to help the stock market but the problem is a lot of damage has been done in regards to the economy. mcdonald's is hiring 14-year-old chicago school

district bus drivers and the economy wants to grow but doesn't because it doesn't have workers. i don't think this is an event. we get bad data the next couple years or next year or so, the federal government and federal reserve will remain accommodative. they will continue to provide stimulus, to buy bonds, keep rates low if numbers aren't good. if numbers are good and people get back to work there is a plus for the stock market. and and and >> fully invested, we believe it at that. we will follow the movers of ppg industries.

they are down 300%, significant loss, they make paint. >> they were in this quarter sales lag by $250 million, the supply chain disruption at a higher cost, same-store -- stuart: get it -- >> doesn't become the 2022 narrative. stuart: some winners on the screen including netflix which was significantly higher. any reason for that? >> atlantic raising price target, that is a streak high. the netflix will add 100 million subscribers in the next 4 and a half years. >> show me boeing. >> two issues, the pricing issue with 737 max.

and another delay for the dream liner. at least late october, goes longer than that. the faa wants to further look at their manufacturing. stuart: i've never thrown on a dream liner. >> keep waiting. stuart: president biden has just arrived in new york, going to tour the damage from either. if you are not vaccinated we can't come in. house republicans demanding the full transcript from president biden's phone call with an afghan president ghani. leading the charge next. ♪♪

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we'll keep you ready for what's next. comcast business powering possibilities. stuart: bitcoin flat out tumbling. we went on the air at 9:00 this morning, 51,$000, now is 46,000 and dropped to 45 a few moments ago but you have a real tumble in bitcoin. lauren and i looking for reasons for this. lauren: it could be regulation. panama introduced a bill, widespread adoption, that is a negative for cryptos. stuart: the dow industrials are

down close to 300 points. we have a selloff in cryptos and the stock market. fractional gain by the nasdaq is eking out a 10 point gain but the predominant color is red. hundreds of americans rescued in afghanistan, the white house remains silent. peter doocy joins us. this is a hostage situation by any other name. what is the administration doing. >> talking about other stuff, jen psaki says it is not a hostage situation, that is a word used by a republican congressman to describe what was going on over the weekend but the president is trying to move on despite what is going on in afghanistan, talking about storm damage today, the delta variant thursday, a full week since his last meaningful scripted comments about the situation on the ground in afghanistan, a few minutes ago as he was walking out of the helicopter, talking about

refugees. >> afghan refugees? >> i plan to meet them? they are all over the country, i will be seeing some of them. >> for the first time the secretary of state is confirming there are americans on board aircraft ready to leave afghanistan but cannot because the taliban will not let them. >> able to identify a small number of americans seeking to depart with their families. and afghan citizens with valid travel documents will be allowed to leave. >> they have been assured by the taliban and, not consistent, the state department over the weekend took credit for facilitating evacuation of four americans

out of afghanistan, none of these lights are taking off but private organizers of this group from texas that went and got americans out, the state department had nothing to do with it. stuart: let's bring in claudia tenney, republican new york state. you are leading the charge to get the full transcript of the phone call between president biden and the president of afghanistan, ghani. i thought we got the full transcript, apparently not. >> we would like to see the whole thing. i want to point out this is a course by the biden administration starting with an arbitrary date of september 11th with pushback, we moved to another arbitrary data and see the disaster unfolding president biden never went to congress or the committees or jurisdiction to get permission to withdraw the

troops, used an arbitrary waiver form to claim he didn't have to do that because there were no american citizens in harm's way and the security issue, that could talk to president ghani but couldn't talk to the us congress, and so many things going on we need to see in the transcript. stuart: do you think the president is up to the job? i am questioning his cognitive ability to put it delicately. do you think he's up to the job? >> absolutely not. not just on the cognitive level, we see struggles come his inability to put sentences together, poor decision-making, a level of arrogance i have never seen in the president, the callousness that has been translated all the way down to what you've seen with the secretary of state and

inability to get innocent americans and afghan citizens out and the audacity of the administration to say these people don't want to leave. the family of twee 7 where 2-year-old is an american citizen at the state department that you can have one parent come home with that child. imagine who are you going to pick, mom or dad and leave the rest of the family in afghanistan at the will of the taliban, terrorist organization. this is a tragedy -- stuart: i've got to make the point you have 3.5 years of this and if it is not president biden it is president kamala harris and it is not president kamala harris it is president speaker of the house nancy pelosi. 3 and a half more years. >> this is a grim view of what we've got but look at this as peter doocy said they are trying to avoid discussion of this. i would say kamala harris is not ready for the job. i don't think you could argue she had cognitive disability,

that -- i have my own opinions i will express, but we need to act. this is a tragic situation so many of us as members of congress are working behind-the-scenes, private contractors, raise money to get afghan citizens and american citizens out of the country and we can't get them out because we are at the will of the taliban and president biden doesn't seem to care. stuart: don't be a stranger. come back and see us again soon. thanks very much. more on the taliban claiming victory, ashley webster joins us. this was the last holdout province. is there any fighting still going on against the taliban anywhere in afghanistan? ashley: yes there is, the taliban posted pictures of their leaders but resistance

forces say the government offices are full, fighters with the national resistance front hold strategic positions across the pansheer valley, taliban leaders origin the resistance fighters to put down their weapons, join the rest of the country saying a new government will be announced within days and will include former afghan army and security forces, the taliban promising all women will be asked to return to their jobs and if you believe that i have some land for sale for you in florida. stuart: sarcasm is a low form of with. tell me about general mark millie. he says the crisis could see the resurgence o that could le

reconstitution of al qaeda or growth of isis or other terrorist groups. we could see a resurgence of terrorism out of that region within 12, 24, 36 months. stuart: ashley: the general says he is unsure if the taliban will be able to consolidate power, terror groups will seize on the chaos to establish a foothold and may conduct strike operations if there is a threat to the united states. stuart: that will be for him over the horizon. rick -- ric grenell so the afghan vetting process has been an absolute disaster. >> the vetting process is atrocious. they are told by biden administration officials to rush people through if there is

not proper documentation. stuart: restaurants in new york city could face fines of $5,000 if they don't enforce the city's vaccine mandate. how are restaurants going to deal with that and how is it going so far? i will or and ceo greg handtell next. ♪♪ ♪♪ psst! psst! allergies don't have to be scary. spraying flonase daily stops your body from overreacting to allergens all season long. psst! psst! flonase all good. ♪♪

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day sunshine stuart: glad we got to the beatles eventually. good day sunshine, looking at colorado. temperatures reach 89 degrees but 5000 feet of humidity is very very low. cities and states mandating getting the jet. that is getting pushback from the unions. some workers are quitting. grady trimble, this is making the worker shortage work. >> in the city of chicago,

dozens of them quitting to face termination if they don't get vaccinated, leading up to the first day of school. 90 bus drivers quit in the city of chicago, that left 2100 students with no ride and parent scrambling the chicago public school system is paying students to find their own way. they are talking to uber and lift about whether rideshare companies up with the shortage of bus drivers. all city workers have to be vaccinated or they will be fired. that includes bus drivers, sanitation, fire workers and paramedics, unions for many first responders pushing back against the requirement. the president of the police union had this to say. this vaccine had no studies for long-term side effects or consequences to mandate anybody to get that vaccine without that data as a baseline among other issues is a hell no for us.

other labor unions in the area support their workers getting vaccinated and are encouraging it, mandating it would harden opposition to the vaccine rather than the intended consequence of protecting workers. stuart: thanks very much. to get into a new york city restaurant today you are supposed to show your vaccine card when you walk in the door. they runs 25 applebee's in the new york metro area. in your restaurants you're supposed to ask for the vaccine card, what is the customer reaction? >> you must ask for id to prove not just the card but you have to show me your drivers license to demonstrate that that is

your car. and servers or cooks, you have to hire somebody at the front door to check the front vaccine card checking the id against the vaccine card. stuart: are people reluctant to come inside? i see these outdoor dining cafés on the street and they are pretty full. what about people going inside? are you missing customers? >> outside you don't have to show it but outside dining you can go without it. that is why the outside is busy if you look inside you might find an empty restaurant. we pay rent on the inside, not the outside number one. number 2, to get people to check ids, we have to hire somebody else in addition to

servers, cooks, managers etc.. stuart: what about next week when they impose fines if you don't comply or the restaurant is out of compliance? $5,000 or two? >> we have 95% of 1500 people are vaccinated, 39%, 39% three weeks ago so educating and cajoling, mandating is another story. we will terminate, saw him on air and they are probably watching, terminate 3 managers with 10 years or more with us but they don't want to do it. they are against it. we will have to terminate them and 5% of our labor force who as of today it may change between now and next week but as of today they are adamant. we are being asked to be the police force. there is nobody thinking it through. the police force isn't allowed to enforce police work in the streets.

we are asked to enforce the board of health mandate. it is a subtle dismantling of an industry. for lack of a better way. they are not just slicing us and putting us out of business but slowly water charging. stuart: a great to have you back on again. you can tell he really is in new york city. thank you. >> thanks so much. stuart: seattle has a vaccine mandate for city employees. ashley, am i correct that some police officers are threatening to quit if they force this mandate down their throat? ashley: yes. more than 200 seattle police officers could lose their jobs over a vaccine mandate because they have not received the jabber or refused to hand over their private medical data. that is 20% of the police department's deployable, seattle mayor jenny durkin says

all city workers must be vaccinated by october 18th or face termination. the loss of more police officers in seattle could make a bad situation worse. crime is rising, last year's push to defund the department led to a number of officers quitting the force. the turmoil goes on among seattle police department. stuart: do you have more details on this doctor who is refusing to see unvaccinated patients? where is that happening? ashley: doctor linda maraci and i, said she could no longer accept in person visits from patients who are not vaccinated. she says it is a public health emergency and the health of the public takes priority over the rights of any given individual in the situation. the doctor says that policy doesn't violate the hippocratic oath because her policy is in the best interests of the patients, some of whom are

immunocompromised or on chemotherapy. at last count 55% of florida's population has been fully vaccinated. there's a doctor in alabama refusing to take in or see in person anyone who's not been fully vaccinated. stuart: we hear you, good stuff. back to the markets and money, bitcoin, we opened the show at 9:00 and 51,$000 was the quote on bitcoin, we dropped to 45,000, now we bounce back to 467. some volatility right there. does this have anything to do with el salvador? >> it would make the price go up but there's an issue at the exchange coin base. some users say it is an responsive and coin base says they are where transactions are delay or canceled at elevated

rates and apps may be experiencing errors. can't handle the volume when you expect crypto prices to go up, bitcoin, either down 14, the volume is too happy for some of the exchanges. stuart: coin base down 5%. president biden will soon tour the damage in new jersey from tropical storm ida. live report on the ground next. ♪♪ ♪♪

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stuart: the president just arrived in new jersey. he will tour the damage from tropical storm ida and go to new york to do the same thing, assess the damage there. alex hogan where the president is going to be shortly, set the

scene for us. >> the flooding didn't just damage basements here, it got all these homes. the family that lives here, floodwaters reached all the way to the second floor, the 6 of them made it out unharmed, rising floodwaters forcing them to the second floor roof where police rescued them by boat. carol and her husband brought four kids back for the first time. the muddy empty shell of a house was a painful contrast to the home they remodeled just two weeks ago. all they could save was a backpack of belongings. >> no place to go. we don't know what to do. >> reporter: president biden will visit this town, his plane just landed.

governor phil murphy plans on asking the president about getting federal support for 6 more counties impacted by the storm on top of those that already receive federal aid. president biden will make a stop in queens today, the states as it suffered $50 million worth of damage, 15 people in manhattan died, most in basement level apartments. they will go door-to-door to talk to people, make sure they get the help they need. residents i talked with said they've been on the phone nonstop trying to see how they can get help and their story, one that is replicated by many, the police department here said they had to save 1000 people in this town alone. stuart: more stuff. ida obviously had the southland louisiana in particular and

some gas stations are still without fuel. is this a widespread problem? ashley: it is, some of the major cities, finding a gas station that is fully operational throughout louisiana is difficult. one of the most powerful hurricanes made landfall in the region. according to gas buddy, 60% of stations in baton rouge are still without fuel, 62% of stations in new orleans, 58% of stations in lafayette are facing outages. mississippi reporting fuel shortages, winds of 155 miles per hour knockout 90% of the offshore gulf of mexico oil and gas production in the epa granting waivers to those who speed up the supply of fuel to those places that are having problems. stuart: i understand hundreds of thousands still without power in louisiana. any update when it might be restored?

>> it is going better but not much comfort for those who don't have energy. entergy has restored power for 70% of customers in new orleans but that means some people still have been without electricity for eight days in the extreme heat and humidity and it could take longer, crews starting to see more damage than they originally thought, customers who lost their electricity still without power but authorities say the pace of recovery should be celebrated considering the devastating damage caused by the storm. hurricane ida took down more power poles than hurricane zeta, delta and katrina combined. that is quite a stat. stuart: thanks very much. change of subject. last week when ric grenell told

me susan rice of benghazi fame is calling the shots in afghanistan. >> who believed susan rice is running domestic policy, working on medicare, medicaid policy, she is in charge. stuart: dude ric grenell get any response? he is on the show right after this. oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need. limu, you're an animal! who's got the bird legs now? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ rush hour will never feel the same. experience thrilling performance

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stuart: at least 100 afghan evacuees flagged with possible terror ties. ric grenell joined me, do we have a problem with the vetting process? >> my former colleagues in germany who i used to work with when i was ambassador there have contacted me to say the vetting is a terrible process. the documentation is incomplete. many times we don't have information about the individual and the biden team has been telling dhs officials

and foreign service officers to use their hunt should when looking at information when it is incomplete. many colleagues are uncomfortable with the process and are refusing to cooperate. they don't want to be held to account. they are congressionally mandated rules and cutting corners could be violation of federal law. stuart: it was another mess going on here. those players with americans on board and special visa people on board but how they won't let them go until we pay ransom to get them out. is that the situation we are in, to get them out? >> the biden administration's doctrine is 90% of the americans is good enough, we have 10% of the americans left

behind, no functioning empathy, no foreign service officers in country, we are coordinating this from washington dc. we left americans behind, now we can't organize or coordinate properly because we don't have people there. this is a scandal for secretary of state blinken, he sat silent in a cabinet meeting, a decision made by his colleagues sitting around the cabinet table to remove 2500 us troops, 5000 nato troops, leaving the embassy open. the people with guns are going to leave. foreign service officers on their own. that is really sad for me as someone who has worked at the state department for 10 years to abandon state department employees in the embassy.

when he speaks in front of the full house committee, foreign affairs committee and testifies in front of them he should be asked direct questions. i hope that he re-signs. i don't have any idea he would do that. stuart: last week on the show you said susan rice of benghazi fame is running the show. did you get any feedback, any response? that was quite dramatic, whose writing the president's scripts, whose putting words in his mouth? susan rice calling the shots, what response when you said that? >> i had a bunch of people not realize when she was the obama national security adviser her two deputies, one was anthony blinken running state department in diplomacy and the other deputy was april haynes who runs all our intelligence programs, director of national

intelligence. no one believed susan rice has worked only in foreign-policy except when she was on the netflix board during the trump administration no one believes she is organizing agriculture subsidies or doing a medicare medicaid policy. title is the mystic policy advisor and that is a farce. this only works in washington. everybody outside washington knows she is doing foreign policies, controlling diplomacy and intelligence are reporting back to her. raise your hand if you think president biden has a handle on this. there are rumors, it is a rumor but i have heard from several sources that anthony blinken has told people regularly, several times president biden doesn't recognize him when he is around that makes sense

because susan rice is the one who has been doing the hiring and he reports to susan rice. stuart: i wish we had more time for this because that is dramatic stuff indeed. we are talking about the cognitive ability of the president of the united states and that is germane to the story. we hope you can come again really soon. much obliged. i do have time for this rather silly pizza question. how many slices of pizza does an average american eat in a lifetime, we won't spent much time on this, we will be back with the answer. we have to be able to repair the enamel on a daily basis. with pronamel repair toothpaste, we can help actively repair enamel in its weakened state. it's innovative. my go to toothpaste is going to be pronamel repair. . .

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stuart: all right, how many slices of pizza does the after american eat on average. the answer is thousand. the majority of the americans add if they had one food to eat in their lives it is pizza. neil: that is layup. thank you, stuart, very, very much. you have certainly what is happening in the markets, concern about covid. we're monitoring the president of the united states. he is visiting new york and new jersey today to check out the storm damage and something special we're doing today, with all our shows remaining this week right through the formal 20th anniversary of the 9/11 attacks, we're reminding you in bits and pieces what happened that day and progressively all the other days since. we're going back in time as