Skip to main content

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

9:00 am
maria: thank you today in excel and mark tepper. >> likewise. maria: see you tomorrow. stuart: what was tepper wearing their? good morning everyone. when we start the program we look for the big story, the news that dominates. inflation in particular energy price inflation, natural gas producing 40% of our electricity, it heats half of our homes, storm damage, biden's green policies pushing
9:01 am
that gas to a ties price level in 7 years. he will feel it in your electricity bill and home heating bill too. china's, just party intends to control everything, they've limited the time youngsters can play video games and now put limits on any new games was a big dropper chinese internet stocks, blame xi jinping. game stock tumbles. they brought in more revenue and lost a lot of money. united airlines, if an employee claims religious exemption for vaccination that employee will be put on unpaid leave. that is hardball. other employers desperate to bring people back to the same thing? that is what president biden is likely to say in his big speech on covid, get the jab or else.
9:02 am
not much change today though i see a little red for the dow, down 11 points, s&p down two, fractional gain on the nasdaq. as for the cryptos they are down, they change course, very little change. later on the show biden's incompetent cabinet, identity seems more competent than confidence. afghanistan, we are negotiating with terrorists with the release of american hostages. general jack keane told by biden to resign from a military board because he used to work for trump. thursday september 9th, 2021, "varney and company" is about to begin.
9:03 am
president biden is going to address the nation at 5:00 pm eastern. will he get permission to answer questions? >> i am supposed to stop and walk out of the room here. i will stop, with your permission i will walk into the room. stuart: pretty extraordinary. we've been talking about this for a while. the president has to ask permission. who is running the show? >> funny joke, the joke is not as funny. he said some version of this statement once a week now and that is concerning because you are the president of the united states and when we are looking for leadership and confused by what we are seeing at the border in afghanistan for the
9:04 am
president to say that raises questions. is somebody else pulling the strings and the average person has to think yes. stuart: is he up to the job? difficult question. i've been asking about his cognitive ability for couple weeks, do you think he is up to the job? >> guests like doctor rodney jackson who understand to evaluate our president, he sees things based on president biden's cognitive ability that make him question his fitness for office. there are many steps to go. many have invoked the 20 fifth amendment, should he be removed from office for his incapacity? that is far down the field but there's enough evidence out there leading us to be like
9:05 am
what is going on? stuart: a politico headline, there is no good news, biden's of summer put dems on high alert, there's a warning from a democrat strategist from his own party, when biden was elected it was supposed to be the adults are back in the room to take charge. turns out we can't do anything. any democratic strategists who thinks this won't impact midterms or biden being reelected, don't know what they are talking about. 's biden's team competent to bring them back politically? >> based on the last few months the answer is no. even if they were to resuscitate him, the president's party loses seats in congress and the midterm election regardless of how the president is doing. if history is an indication biden expected to lose seats in a moment he took office in january, the last eight month,
9:06 am
the disaster in afghanistan and at the border, the fact the economy is pretty good but apparently to screw that up coming inflation and other measures. if that holds and 12 months, 13 months it is going to hurt democrats at the polls. stuart: thanks for being with us. always appreciate it. we are looking at another day of what looked like initially fairly small losses on wall street. down 25 on the dow, up for the nasdaq, not much change. here is my opinion. i think the fed will keep printing money, doing what president biden wants because jerome powell wants to keep his job. what say you? >> i can't disagree with that. i don't know what is going on in powell's head but he is providing police of monetary policy is.
9:07 am
that is a concern, to toe the line of this administration, to be reappointed. it is a 50/50 shot. stuart: critical of what the fed is doing at the moment, an enormous amount of money, never seen anything like it before but i have to think the end point is inflation. what say you? >> in the early stages of inflation and, the question is whether it is transitory, whether late stages are in the next few months. the fed's notion they've got the tools to deal with inflation they will raise
9:08 am
interest rates and this fed doesn't want to do that but they exacerbated income inequality, all these folks on fixed incomes got hurt badly, equity owners and homeowners doing great. stuart: hard to see the stock market power ring ahead to a series of new highs. >> can't disagree with that. we are at a bull market and we will get 5000 on the s&p by next year. as for the rest of the year september and october have a history of being rough months. keep in mind, for buying opportunities.
9:09 am
they held up remarkably well under the circumstances. when my anxiety level keeps rising, you know how it is. thanks, we will see you again soon. i want to say good morning to lauren. the fed released the beige book about the economy and how it is around the country. what is the latest? >> companies passing on the cost, could mean significant price increases for consumers but i thought inflation was temporary. guess not. downshifted to a moderate pace particularly with regard to dining out and traveling and as for jobs and extensive labor shortage in many districts. in atlanta they noted the expiration of the unemployment benefits at the start of the school year had not increased the supply of applicants.
9:10 am
there is a disconnect and a problem with the fundamental market. of kids go back to school and don't get unemployment checks about implying for 11 million jobs that are open. stuart: what is going on? what is going on? we have three hours to do it. look at the cryptos. they are almost all up except ethereum which is down a fraction. the country legalized bitcoin. >> if you can buy and sell it. it is not legal tender but it is the fifth, open the market to businesses, bottom line is bitcoin here to stay. stuart: bitcoin here to stay. check futures. a day of losses at "the opening bell". larry elder campaigns in california and comes under
9:11 am
attack. [bleep] >> silence from the left is deafening. was that a racist episode? we will get into it. the price of natural gas soaring, bad news for everyone, hurting big energy states like wyoming good. i will ask john barrasso about this because it is hurting his stay. who is to blame? we will be back. ♪♪ don't need a credit card to ride this train ♪♪ ♪♪
9:12 am
that's a nice truck. yeah, it's the chevy silverado. check out this multi-flex tailgate. multi-flex, huh? wow. it becomes a step. mom, dad's flexing again. that's not all. you can extend the bed for longer stuff. is he still... still flexing. that's right! and, it becomes a workspace... you can put your laptop here. i'm sending an imaginay email. hey dad, dinner! hey! look who stopped by daddy's office. wait, you work here? the chevy silverado with the available multi-flex tailgate. find new flexibility. find new roads. chevrolet. psst! psst! allergies don't have to be scary. find new flexibility. find new roads. spraying flonase daily stops your body from overreacting to allergens all season long. psst! psst! flonase all good.
9:13 am
hi, my name is cherrie. i'm 76 and i live on the oregon coast. my husband, sam, we've been married 53 years. we love to walk on the beach. i have two daughters and then two granddaughters. i noticed that memories were not there like they were when i was much younger. since taking prevagen, my memory has gotten better and it's like the puzzle pieces have all been [click] put together. prevagen. healthier brain. better life.
9:14 am
you sure you want to leave that all behind? yeah. stay restless with the rx crafted by lexus. experience amazing at your lexus dealer.
9:15 am
so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. getting rid of sugar cravings, helps control stress and emotional eating and losing weight. go to golo.com and see how golo can change your life. that's golo.com. ♪
9:16 am
stuart: that is the center of america's silver mining industry, take a look at natural gas down a fraction but it is a 7-year high for the last couple days. i want to bring in senator john barrasso, a member of the energy and natural resources committee in the senate. inflation, energy hurting your state, who do you think is at fault? >> president biden's policies, wyoming is an energy powerhouse, so as our country. when president biden became president he took the next 2 american energy, he -- the coastal pipeline, a moratorium on oil and gas lease on public land, killed alaskan energy and
9:17 am
we are having energy inflation, people filling up the tank, $25 more difficult was hank, if you do that every week you are talking about dollars more out of your paycheck so president biden is taking a hit in terms of energy inflation was what is the white house done? astonishingly they have begged opec plus which include saudi arabia and russia to produce more energy and sell it to us. how can that be? where would you find that? the white house put it on their own website last month that they have gone -- i don't understand and want to know why is it better to buy energy from saudi arabia, from russia than it is to produce it here, why ship jobs overseas, why would we undermine our own energy integrity, energy security, why would we go for a jump in prices, it is astonishing to me and we are better as a nation if we are selling energy to our
9:18 am
friends than buying it from our enemies. i look at this and if the democrats are able to get this $3.5 trillion tax and spending bill through energy costs are going to continue to go up even higher and it will undermine the stability of our grid. stuart: could you address the question of why we have nearly 11 million jobs open and people not taking those jobs when we still have a couple million people unemployed? seems like it is not necessarily just these emergency payments keeping people at home. there's got to be something else. what do you think is going on? >> people i getting back to work in wyoming and we need to get people back to work all across the country. there are still help wanted signs. i was talking to a small business owner who told me he was running ads eight weeks in a row, not a single person responded to the ad.
9:19 am
in wyoming we stopped what i call bonus payments of unemployment where people are making more to not work to stay at home and they were to work, we stopped those in june and july, what we saw in wyoming was unemployment numbers improve, not just in cheyenne but all 23 of our counties. we are heading in the right direction but my concern is if democrats do what they want to do this month which involves raising taxes it will make the recovery even tougher. this is not the time to raise taxes. how do you solve this problem? the democrats think government is the solution to the problem and i think as ronald reagan did the government is the problem. stuart: later today the president outlines the fight against the delta variant. we are told he's going to be recommending more mandates for vaccines and masks. where do you stand on mask and vaccine mandates?
9:20 am
>> as a doctor, i've been vaccinated, vaccines were, we know they were can i encourage people who haven't been vaccinated to get vaccinated. i'm against the mandates. i don't think we should be telling people what to do. give them information, they make decisions, the american people are smart, they will make the right decision and as a doctor, someone taking care patients for 25 years my recommendation would be get vaccinated is all proper hygiene efforts, this delta variant if you haven't been vaccinated can be very deadly, much higher rate of hospitalizations in wyoming, talking to the wyoming hospital association later today on the specific point, 9.8 of every 10 people in the hospital in wyoming with coronavirus are people that had not been vaccinated. stuart: get the jabber but don't be forced to get the jabber. senator, always a pleasure, thanks for being here today.
9:21 am
appreciate it. the fallout from hurricane ida still hurting oil production even though oil is down 2%. how much is off-line? >> 77% of oil and gas production in that area. either staff can't get to the platforms which are offshore, there is no power at some of the onshore processing plants and even a leak at one of the underwater pipeline so when you have situation like that the thing needs to be tested. it is a mess. as for the impact at the gas pump it has been muted but fingers crossed because demand is down with delta variant on the rise but fingers crossed we don't see more inflationary pressure against them. stuart: can you sort out the difference between jen psaki and speaker pelosi? they are different pages when it comes to how much of the big spending package will lead to that? >> and sockets is the reconciliation bill will be paid for no matter the price tag. policy says may be.
9:22 am
she was asked about this, quote, i don't know what the number will be. we are marking it at $3 trillion, we are not going above that. i think rather than talking about the cost because we will pay for more than half, maybe all the legislation. she says half. if you are talking $3.5 trillion that is a lot of money and they need senator manchin's support. is good with $1.5 trillion, he doesn't want to add to the national debt. stuart: don't know what they are going to do, you try to finance $3.5 trillion plus the $1.9 trillion from before with tax increases you cripple the playbook, shut us down if you try to do that. better move on before i lose my temper. futures going down for the dow and the s&p but slight rise for the nasdaq, "the opening bell" is next.
9:23 am
♪♪ knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need. [ nautical horn blows ] i mean just because you look like someone else doesn't mean you eat off the floor, or yell at the vacuum, or need flea medication. oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ 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.
9:24 am
my daughter has type 2 diabetes... my go to toothpaste and lately i've seen this change in her. once-weekly trulicity helps control your a1c...
9:25 am
by helping your body release its own insulin. and it lowers blood sugar from the first dose. trulicity is for type 2 diabetes. it isn t for people ...with type 1 diabetes. it s not approved for use in children. don t take trulicity if you're allergic to it, ...you or your family have medullary thyroid cancer,... or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction,... a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, vomiting, and diarrhea,... ...which can lead to dehydration and may worsen kidney problems. ask your doctor about once-weekly trulicity. (judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest.
9:26 am
(other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. stuart: look who is here, ryan
9:27 am
pain talking markets, you say the world is awash in money, how much money are we talking about and why don't we like it? >> not just globally, not just the us, a lot of money, this has been a global phenomenon, $32 trillion created since the beginning of the pandemic. from $94 trillion, to so much money. stuart: why don't you think it? it is on the stock market a world of good. >> the strategies that tell us about the market correction, the fed probably stop the bond buying or tapering as much with peak earnings and growth.
9:28 am
they raise taxes, the problem is all this money funneling its way to the stock market have so much cash, they are able to raise capital cheaply but it is all going to be very inflationary. i don't think it is transitory, you think about the way wages are going up, demand is strong and it is not enough. stuart: when does the inflation crunch happen? >> i think we are there. everyone is ignoring that it is not going away. we think eventually supply chains will get normal again and wages speak out. we have 10.9 million jobs available in the us, more than anybody expected and only 9 million people on unemployment, that is a huge gap that won't
9:29 am
get killed. the side hustle, we can hire you. everybody is looking at this. stuart: you call this a gig? i'm doing a side hustle? you ought to be careful, come back on the program, let's get serious. if inflation continues and the fed, the money keeps pouring in, when does the crunch come, when does the market say we do have an inflation problem, when does that happen? >> you will see a huge -- even further up than we are seeing now. we see the tech bubble when everything went through the roof. the market will melt up like a meme stock, evaluations get so silly you will get a
9:30 am
correction, interest rates creeping up week after week. on the 10 year treasury, 2% by the end of the year and on your portfolio you have commodities. stuart: reading between the lines, you are saying a correction, maybe a crash before the end of the year. we will have you back to explain more later. opening the market it is mine:30 eastern time. here we go. we are on the downside a tiny fraction, down 20 points, have look at the s&p ever so slightly lower, 0.04% and the nasdaq the same story except it is up 0.6%. show me big tech where the money is, all of it on the upside. apple, amazon, microsoft,
9:31 am
facebook, google in early going, game stop, significant price drop 8%. i guess they didn't have a great report. >> it was the earnings call after the report, the first for the new ceo and new cfo, and 950%. i was down the fourth day in a row. stuart: let's move on to lulu lemon, they do a lot more than that, you are a yoga teacher. >> a certified one. stuart: lulu lemon is an extraordinary success story during the pandemic and beyond. >> whether you work out or not and people are wearing yoga clothes whether they go to work
9:32 am
or not and making pants that you can wear in the office. they are professional and comfortable and stock is up 13% and they said they are going to surpass their 2023 revenue target two years early. sales rose 63% last quarter and issue new targets after christmas so they are feeling good. stuart: that is a wild success, $48. boston beer, the best on hard seltzer really didn't work. >> it's not strong enough. stuart: the alcohol content is not strong. drink alcohol. >> they made a bad bet. they said in the last quarter they overestimated demand so they cut their guidance back in july. they released the guidance and finally expecting inventory and
9:33 am
other fees. we don't talk about brokerages and price targets much. i want to point one out because they are cutting the target from 11:34, 1134 dollars. stuart: severe is a good word. the chinese technology stocks are down and down big. there is a new crackdown on video games in china. lauren: you said to me how are they going to do this if kids play video games more than 3 hours a week? they are probably going to go after the company. they were called in for interviews with regulators, seriously deal with those who violate the rules and china is temporarily freezing game approvals, changes to the design of games so they don't get to so addicted. this is affecting the game
9:34 am
makers in china but also marketplaces, ali baba, jd.com, who is going to touch chinese tech stocks when you don't know where beijing is going to clampdown. stuart: all those americans who put money in chinese tech stocks lost it. china walked away with our money. you could put it like that, you could make that argument. we are into the market four minutes, the dow winners, nike is top of the list. home depot, apple, boeing, producers are telling me this in my years thinking i can't read it. we have the screen closer to me, the s&p 500 winners headed by, i am still squinting, i can't read that. let's move on to the nasdaq, pushed the screen closer to me. semi conductors, advanced chipmakers, all of the more
9:35 am
most of them, tesla on the list at 7:59. there are other movers including macy's, $21 a share, what is the story? >> the stock rally 30% from here, better pricing, management, goldman sachs having a conference and we are cautiously optimistic on the holidays but watching carefully these supply issues with regards to women's shoes, can't get the input wherever they get them. >> they still have some around like macy's for example. cisco is moving. >> morgan stanley downgraded, stock is up 31%. stuart: it is up 3%. >> record second quarter earnings race for your outlook because people keep decorating their homes, at least 5 brokerages raising their price targets, berkeley's, $8.97 is
9:36 am
the highest. stuart: let's look at moderna, they are advancing a single dose vaccine but it would combat both the flu and covid. is that right? >> might be annoying for some people but one shot instead of three, your covid vaccination and flu shot at the same time. stuart: it would mean you have to be vaccinated every year. you have to go back for more. >> that the point we have come to but it would be good for moderna. i would pick one shot if i could do that instead of getting three. stocks up. stuart: a lot of the vaccinemakers doing well because president biden is probably going to announce vaccine mandates for federal workers and that will help the vaccine makers. moderna at $4.35. the board is up 32 points, 35,071 level. the 10 year treasury yield is one.33%. the price of gold is at 17,
9:37 am
bitcoin still around $37 and the price of oil 67, back up to $68 as we speak. the national price for a gallon of gasoline at $3.18, up $0.97 per gallon from this time last year. coming up for you, one billionaire wants to build the world's first woke city, role tape. >> what if you could pay the same taxes as today but get the best social services in the country and the world. the most inclusive city in the world. stuart: sounds great. the author of woke ink has something to say about that later on the show. president biden will lay out his 6 point plan for combating the delta variance including we hear stricter vaccine and testing mandates. doctor mark siegel is here with what you need to know about this.
9:38 am
♪♪ i order my groceries online now. shingles doesn't care. i keep my social distance.
9:39 am
shingles doesn't care. i stay within my family bubble. shingles doesn't care. because if you've had chicken pox, you're already carrying the virus that causes shingles. in fact, about 1 in 3 people will develop shingles, and the risk only increases as you age. so what can protect you against shingles? shingrix protects. now you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after vaccination with shingrix. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. talk to your pharmacist or doctor about protecting yourself with shingrix. shingles doesn't care. but we do.
9:40 am
shingles doesn't care. we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network. ♪ ♪
9:41 am
when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully.
9:42 am
stuart: looks like a modest turnaround, the nasdaq is up 38. look at big tech. all of them on the upside. microsoft is a public. alphabet, apple, amazon, facebook on the upside and president biden delivers his covid speech later today. you have some details. more mandates coming. >> a 6 point plan, 0.one vaccine requirement for federal workers, strong suggestion you should get the vaccine, booster shots, keeping schools open,
9:43 am
tightening regulations like masking, the females show the white house and teachers union working hand on hand on the requirements today. more testing, protecting the economic recovery. stuart: sounds like not something i want to hear. doctor mark siegel joins us. what do you think of the president saying you got to get vaccinated and private employers, we strongly advise you to get vaccinated and masks for everybody and new rules in schools? >> let me break that down. there's been too much focus on masks per se because that has some value, we don't know how much but it is not the answer. that is a political tool. the key is rapid home testing and though the president invoked the defense production act in february there hasn't been movement on that and that is the way to protect schools.
9:44 am
not to mask them up in the school and still spread it. teachers getting vaccinated makes sense and to your point about the vaccine mandates the federal government is limited as to what they can do. they can vaccinate mandate for federal workers for their own health care workers for the military as they have done and cut funding to nursing homes as they threatened to do. they can tell private citizens to take this vaccine. they can suggest it, to the businesses themselves to say how do we stay safe and open and showing proof of immunity that you had covid or the vaccine or getting tested is enough but government overreach is in play, home testing, and the bully pulpit. stuart: how much you know about
9:45 am
this new variant, mu. it is detected in every state. what we know about it? >> it is only 0.one% of all variance worldwide. i'm more concerned about the delta variance because it is 93% of cases in the united states but the problem with the mu variant comes from south africa. looks like it may be resistant to the monoclonal antibodies and somewhat to the vaccines. the good news is it looks like delta spreads much more easily. if that is true delta will crowd this out and it won't become a problem but it does speak to the point we have variants emerging another countries that aren't fully vaccinated and by the way my opinion, the wait to get poorer countries will be vaccinated isn't for us to give up our vaccine supply, that won't do it.
9:46 am
the production has to come locally, get the whole world vaccinated. not some humanitarian export that touches the tip of the iceberg. stuart: i check the pace of new infections in the united states every day. today i see a decline in new infections, first time i've seen it in months. does that mean we have reached the peak of the delta infection and looking at the other side soon. >> i hope so. i was predicting that we would start to see that in september. the scourge of new infections we have seen, natural immunity helps still slow this down plus the vaccine uptick in the southern and western states. i think we can see our way to the other side of this in the next couple weeks and i'm looking at the same trend you
9:47 am
are and it is making me more hopeful. the key is not to overload our hospitals and that is stuart: we are headed. stuart: don't have the government overstep its reach on this issue. see you later. how about this one? and vaccinated employees at united airlines, they are grounded, religious exemptions but there is a gigantic catch. lauren: united airlines mandated vaccinations words employees but they said if you get a medical religious exemption we will grant it to you. now they are telling those that were approved they are put on temporary unpaid leave starting in october. when can they get back to work? when the pandemic, quote, meaningfully recedes. at first we questioned 10 companies mandate the vaccine. can they enforce it? we saw companies are enforcing their vaccine mandate. if you are not vaccinated you can't get paid at united.
9:48 am
stuart: that is draconian. what are they going to do? they haven't got enough people to work in the first place. will they push people out because vaccination? >> they are strong-arming you to roll up your sleeve and come back to work. stuart: it won't work with everybody. what is the plan, you have more. what is the plan for and vaccinated members of the new york city police department? >> 47% are vaccinated. stuart: less than half of the cops? >> the unvaccinated must get tested each week on their own time and their own dime unless they go to an nypd clinic or stay home, don't get paid, this policy starts monday, the union says we don't like it, testing should be done on the job at the city's expense. stuart: coming up here's what we have. college students are not concerned about inflation until they hear about the price of beer.
9:49 am
>> of you noticed the price of everyday goods going up? >> not really. >> what if i told you the price of beer went up 75% over the past year? >> that is a lot. stuart: that got their attention. or campus reaction in a moment. are you trying to hire and getting nowhere? maybe artificial intelligence is to blame. resume filters weeding out a lot of qualified candidates. we will tell you about that after this. ♪♪
9:50 am
that spin class was brutal. well, you can try using the buick's massaging seat. oh. yeah, that's nice. can i use apple carplay to put some music on? sure, it's wireless. what's your buick's wi-fi password? it's buick envision. that's a really tight spot. i used to hate parallel parking. ( all together ) me too! the all-new buick envision. built around you. all of you. pay no interest for 72 months plus current eligible buick owners get 5 hundred purchase allowance on 20-21 buick suv models.
9:51 am
9:52 am
(announcer) looking for a better way to lose weight and feel good? how about the one with the 98% success rate get 5 hundred purchase allowance and the more affordable weight loss solution? that's golo. there are no monthly fees and it's guaranteed to work or you don't pay. how can golo offer all of that? because it's not like any of those diets you've already tried. it's the new way to lose weight. no stimulants, no starving, just results. results you'll keep for life. no more sacrificing to lose weight only to put it back on. no more sacrificing, period. it improves your lifestyle and delivers incredible results. with over 2 million satisfied customers, golo is the new way to lose weight. this is the only program i have ever done that i have never deprived myself of anything. (announcer) if what you're currently doing to lose weight isn't working, or you feel like diets don't work, you're right. don't give up. get golo. go to golo.com and get your life back, with golo.
9:53 am
(chorus) golo! [swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. stuart: microsoft is up today but they are warning hackers are exploiting vulnerability in its windows program, microsoft urging customers to take steps to the puff security. next case, lauren is digging into a new and interesting phenomenon, people secretly working two full-time jobs. you raised eyebrows.
9:54 am
that will be people working on remote by computer exclusively with time to spare. >> and don't talk about it and the average about it. you don't want to welcome more work. you don't want to get caught but if you do get caught the companies might turn a blind eye. >> if an employee is working for one organization and i found out to be working for another, if it is not an ethical violation, no security risk, hr department or a manager would think twice about firing them on the spot, they would try to find a way to make it work. >> a tight labor market. >> you can understand it. i know people who work from home in the computer business and it takes and four hours to do their day's work, they are at home.
9:55 am
why not get another computer on the other side of the desk and work for another company for four hours a day and get two salaries. lauren: a website called all employed is the new trend among ambitious mostly white-collar workers who can work from home. this is what they are doing. another trend i want to tell you about, another study planes artificial intelligence, to scan through resumes, nearly all fortune 500 companies use this technology. that is too aggressive and they are weeding out good candidates. 25 million hidden workers not getting jobs or even considered for jobs because of these crazy filters, so expensive to bring in new technology, hurting many potential workers because of technology. stuart: it is fascinating. the market, take a look at this. the nasdaq is up 40, dow is up
9:56 am
76. look at the airlines, lowering forecasts of future travel because of rising covid cases. that is what they say is to blame for weaker travel. 1.6 million travelers which is not great. secretary of defense lloyd austin, mark millie, they will testify on september 28th on capitol hill. mark that down, it will be very important, a lot of calls for their resignation. still ahead, larry logan, chris wallace, general jack clean, dan heninger, second hour of varney is next. ♪♪ ♪♪ ♪ breeze drifting on by you know how i feel ♪ [man: coughing]
9:57 am
♪ 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. . . trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. it's time to start a new day. ask your doctor about once-daily trelegy. and save at trelegy.com. ♪ ♪ ask your doctor about once-daily trelegy. we are the next.
9:58 am
the next generation of visionaries. rule breakers. game changers. and world beaters. we were built to perform on the biggest stages. but we certainly aren't here to do what's been done before. and neither are we. at palo alto networks, we are ready to secure our digital future. as companies innovate to transform, we innovate to outpace cyberthreats. so you can embrace technology with confidence and make the next day safer than the one before. we've got next.
9:59 am
incomparable design makes it beautiful. state of the art technology makes it brilliant. the lexus nx.
10:00 am
experience the crossover in its most visionary form. experience amazing at your lexus dealer. our retirement plan with voya, keeps us moving forward. experience the crossover in its mhey, kevin!ry form. hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. ♪. stuart: you can't always get what you want but if you try sometimes you might get what you need. it's a good one, isn't it. lawrence loans is with us. he likes the song too. >> that's right. stuart: agrees with the lingo. 10:00 eastern, straight to your money. why not, 80 point gain for the dow. 40 point gain for the nasdaq composite. 10-year treasury yield, last time we checked it was down a
10:01 am
little. still down 1.33%. that is helping big tech. look at the stocks, all on the upside. nice show of green across the board. facebook on the upside. as for bitcoin, we're at 47,000, just about on the button right there. mortgage rates, it is 10:00 eastern. it is thursday morning. that is mortgage rate time. what have you got. lauren: 2.88%. up a hair but staying low. that affords homebuyers more time to find homes. freddie mac said economy slowed over the summer that keeps interest rates low. that means the housing market won't slow. stuart: 2.8. lauren: for the 30 year. stuart: got it. now this. the biden white house made a point touting how inclusive its cabinet is. perhaps the president should be more worried about how competent the cabinet is. this has been a very weak performance by the cabinet so far. let's run through it.
10:02 am
alejandro mayorkas is in charge of homeland security. in march he said the border is closed. that is nonsense. if you've been watching this program, you know illegals are streaming across the border in record numbers. mayorkas born in cuba. it's a hold over of homeland security from the obama-biden days. pete buttigieg was the mayor of south bend, indiana. is this that the idea qualification for transportation secretary? javier becerra, runs the health and human services. whats it does he know about health care? he is called out by the president himself. susan rice, domestic policy. domestic policy. she is a holdover from the biden days. secretary of state antony blinken, haines, they used to work for susan rice.
10:03 am
obama-biden, to susan rice, to blinken, haines. lloyd austin has been under criticism for the afghan debacle. kamala harris, the first female vice president. sofar reviews have been anything but good. eight months in, looks like professional politicians, incompetent executives. the second hour of "varney" just getting started. ♪. i'm trying to figure out what lawrence jones is going to say about "my take" there. he has been sitting there listening to it. >> i've been stewing around. stuart: stewing? what, i say they look like professional politicians, incompetent executives. what say you? >> i want to push back a little bit. i think that was a brilliant monologue, is it incompetence or strategy? i think they're being strategic. they campaigned on this. it it true during the entire
10:04 am
campaign it was a campaign of emotions. wasn't about what donald trump or biden was for. a lot of this stuff was not reported on. they're doing exactly what they said they were going to do. is it bad? that is correct. is it being effective? no. that is the strategy of the new democratic party. stuart: another strategy was inclusiveness, identity, running the whole show. >> that goes back to the heart, how you feel about things which is supposed to be in contrast to president trump. you didn't want to talk about the things that actually worked. it was about you how you feel. many americans are saying this really doesn't feel too good. this is why he is dropping in every single poll. emotions are coming down. reality how these policies impact their lives is starting to play out. stuart: that was very good, lawrence. >> thank you, bro. when you tee me up like that it makes it so easy. stuart: i did tee you up. why not. look at video.
10:05 am
california gop gubernatorial candidate larry elder. attacked by a woman in a gorilla mask. watch it all the way through. >> we're getting egged from behind. [bleep] [shouting] [bleep] [bleep] >> get your hands off me. don't touch me again. >> don't touch me. [bleep] [bleep] stuart: larry elder said in a teeth, my security detail was physically assaulted, shot with a pellet gun. hit with projectiles. intolerant left will not stop us. looked like there was a racial element involved. >> had the audacity to say don't touch me. you were the one who through the egg. here is the racial component. exchange the political party of
10:06 am
larry elder around i think this story would have been covered much differently. but this is, to be fair, this is california. i've been reporting there for a while. violence is totally acceptable. steal something totally acceptable. murdering people is totally acceptable. they have d.a.s across the state allow people on the street. go into the store, steal anything, as long as lower than 1000 bucks you can do that. if you assault someone, assault them, commit murder, be out in the next morning that is the new way of business in california, why the recall is happening in the first place. i don't know how it will go between elder and newsom. they want change back in california. stuart: lawrence, that was remarkable performance. >> one day i may be making big bucks if i stay on the stu varney path. stuart: i will move on from that listen to this, former president obama, wading back into politics
10:07 am
ahead of the california recall. he showed support for newsom in a tweet. he said your vote could be difference between protecting our kids, putting them at risk. helping californians recover, taking us backwards. vote no on the republican recall. president biden will head there next week. he is campaigning for current governor newsom. now you know. now this, democrat divide deepens over president biden should nominate fed chair powell for a second term. what is the split? lauren: the fed chair should not be politicized. that is the what is happening now. that is the message from senator tester from "the wall street journal." the house progressives democrats, the squad, they want powell out because he is not implementing their climate change agenda and progressive policies. the senate actually confirms the fed chair. so it is interesting to see the many lawmakers, especially progressive ones trying to push
10:08 am
the central bank to find ways to adopt their agenda but that is not the job of the federal reserve or jay powell. stuart: what would you say to this? as long as jay powell continues to fund the programs of the democrat left, he will stay as fed chair? lauren: i think it's a stretch. stuart: you think so? lauren: i think it's a stretch. i give our congress more credit than that. stuart: as we go from lawrence jones, there is room for divide and division around this desk here in new york city. time's up by the way. >> you already trying to get rid of me. stuart: not so fast. not so fast. thank you very much, lawrence. >> thank you, brother. stuart: check out the markets. we have a dow up 115 points. the nasdaq up 52. i call that a pretty good rally so far. d.r. barton is with us. address all the money sloshing around. we hear 10 trillion printed around the world since 2020. how do you feel about that?
10:09 am
>> well we all know, stuart, you were talking about jay powell and his reconfirmation, that the fed here has been piling lots of money, lots of liquidity into the market by keeping interest rates low, by buying up hundreds of billions of dollars of bonds per month and the thing is, that has been going on all over the world. actually europe has even put in, injected more money. the bank of japan almost as much money as the fed. we've seen lots of money being put into markets in general and all of that money, that 10 trillion number, since early 2020, a lot of it is finding its way into the u.s. stock market, and will continue pushing that stock market up. stuart: so you don't see any serious pullback in the immediate future? >> not in the immediate future. we talked a little about it last week stuart, september, the weakest month of the year. so we could see up and down, like this morning, we were down
10:10 am
.3 of a percent. now we're back up again. i think it will be a choppy month. i think our next major move to the upside, stuart. we may even get a blow off top before the end of the year. stuart: that is what another market analyst, ryan payne said to us earlier this morning. he is looking for a melt-up because of this money sloshing around the world and some of it coming to the united states. repeat it. you see a melt-up in the near future for stokes price, really? >> yes and not only see it, the analysis is showing us we have a pretty good chance of this. one of the things analysts have been talking about not many stocks participating in the last leg up. well that has completely reversed course especially in the nasdaq. there is what is called a momentum thrust a breadth of the nasdaq participating. lots of new stocks. when that happens out of the high we typically get a big blow-off top. it has happened before, before
10:11 am
the 1999 blow-off top. so i believe we have a good chance for a big move up, maybe not even that big drop down afterwards. stuart: what do your clients say when you say that to them? i bet they are just like me, no, no, can't be, wringing their hand anxiety, that is what is happening, isn't it? >> it is. there is anxiety again. we find another hated bull market. sentiment against the up move. people going we can't believe this will continue on. the permabears, people that see top at every corner have been wrong so many years. let's ride this until we get real indication having a downturn, that inflation indicators really get worse, that the fed really starts tapering. that we have slowdown in gdp. until those happen, let's not try to anticipate them. let's ride it up. stuart: just remember those permabears one day will be
10:12 am
right. one day. we don't know when. >> one out of every hundred. stuart: we don't know when. dr, you're all right, thanks for joining us. we have some movers, we'll start with general motors. well below 50 bucks a share. what is the story? lauren: they have extended the shutdown of the michigan plant that builds the bolt ev for two weeks because of recall announcement, because of fires. it is obviously a big deal. extending a shutdown when you have so many issues at other car plants because of supply inputs. stuart: show me fubotv. lauren: they're bringing, have a deal with vizio holdings, bringing smart tvs, bringing live, on demand sports, news, entertainment to them. vizio is up 2 1/2%. stuart: i really want to get to peloton. lauren: love the story. stuart: tell us the story then, go ahead. lauren: they're launching a private label clothing brand called peloton apparel. >> why not? lauren: exactly.
10:13 am
their competitor soulcycle does that. you go into soulcycle, take a spin class, by myriad of other items. they're expensive. peloton will be too. the private collecting will range from 15 to $120 for leggings. stuart: if you can afford a expensive bike in your living room you can afford expensive clothes. check it out. recurring theme on this program, throughout the world, actually, someone is giving the president orders. roll tape. >> now i'm supposed to stop and walk out of the room here. i'm going to stop. with your permission i will walk into the room. stuart: if he has to ask permission, who is calling the shots? chris wallace is going to be on the show. i will ask him if he knows who is calling the shots? the cdc tightens the mask guidance after being threatened by a top teachers union. we have emails to prove it.
10:14 am
democrats want to spend, spent, spend at your cost. hillary vaughn will take us through lengthy list of tax hikes they hope to impose. ♪.
10:15 am
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. as someone who resembles someone else... i appreciate that liberty mutual knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need. [ nautical horn blows ] i mean just because you look like someone else doesn't mean you eat off the floor, or yell at the vacuum, or need flea medication.
10:16 am
oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon.
10:17 am
that's why we're building 5g right, that's why there's only one best network.
10:18 am
it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. stuart: rally continues. the dow is up 130. the nasdaq is up 42 points. i see a lot of green this morning. how will the democrats pay for that 3 1/2 trillion dollar spending package? i think i have a good idea on the answer to that one. taxes. hillary vaughn on capitol hill. you learned about, what, two
10:19 am
dozen tax tax proposals? reporter: higher price, more taxes to pay for it. that is what the senate finance committee is tackling today. with some of their members. they're reviewing a list of two dozen tax proposals trying to find agreement to include in the reconciliation package to come up with the $3.5 trillion bill but not all of it is going to be paid for but here is some of the taxes, tax ideas that have been floated on capitol hill as ways to pay for it. a lot of this is going to come down cracking down on the rich. they're going to spend more money on irs enforcement to catch tax cheats. they're also looking reinstating top corporate tax rate to 39.6%. they're looking taxing capital gains, raising taxes on corporations from 21% to 28%.
10:20 am
another way to pay for this could really fall on the shoulders of investors. they're looking for a tax on all trades, .1% of every wall street trade is something progressives. particularly senator elizabeth warren want to see but another proposal under, being considered is a market to market tax that targets derivatives and carried interest. normally investors don't pay taxes on gains until they sell but under a proposal floated by chairman, senator ron wyden of the finance committee it would mean investors pay taxes every year, even if they still own the asset but there has been disagreement between knows those on capitol hill and those on the white house whether or not the package should be entirely paid for or just partly paid for. >> this is going to be paid for. we will pay for more than half of, maybe all of the legislation. reporter: stuart, of course, businesses are already reacting to some of the proposals that
10:21 am
have been floated, particularly the national association of manufacturers this morning just released a statement trying to get ahead of what congress is considering saying this, if you raise taxes on manufacturers, there will be no avoiding widespread job losses, slower growth and wage stagnation. the tax increases under consideration by congress will directly harm the men and women who make things in america. the stuart, the bottom line is this, whether or not the package can be completely paid for comes down to whether democrats agree on what tax proposals to include. remember they need to get the 60-vote threshold in the senate. they do need at least some people on board with this. stuart. stuart: they just want your money. simple as that. hillary vaughn, thank you very much indeed. change the subject. get idea of mask mandates in schools that kind of thing. we have emails released from may of this year which may show, show the biden administration
10:22 am
tightened mask guidelines after threats from a prominent teachers union. how about that? details, please. lauren: i remember this. this was in may. cdc said may 13th, masked individuals do not need to wear masks indoors. i said, oh, we won't have masks irin schools. i stopped buying masks. may 14th, show you email came from the national education association, quote, cdc has consistently said mitigation measures including to protect the most vulnerable remain necessary in schools. it goes on, because this will also make it hard for school boards and leaders of institutions of higher ed to do the right thing by maintaining mitigation measures. we need cdc clarification right away. they got it. some of their suggestions, adopted in cdc guidelines. that drew criticism from a lot of people including senator ted cruz i love this tweet. the lengths of which joe biden
10:23 am
cratered to union bosses. he prioritizes union boss politics to american kids. stuart: got that right. lauren: my daughter is in a mask, with plexiglass six feet apart from everybody else. some measures need to be taken. that is a lot of protection for a young kid. stuart: i want to bring in congresswoman nancy mace, congresswoman from south carolina. congresswoman, later on today we'll hear from the president we understand he is going for mask mandates, get back to school, wear masks, get vaccinated. as a mom how do you feel about children in the classroom six, eight hours a day in a mask? >> i will be frank with you i believe parents should make health care decisions for their children and nobody else. delta is raging in south carolina per capita, we have the highest rate of infection now than any other state in the nation. when my kids went back to school, delta, until we spike, this thing peaks we'll be in
10:24 am
masks, wash our hands as much as we can to be distance. i don't want to get covid again. i don't want my kids to get covid. that is based on science. not based on unions telling the scientists what to do. we shouldn't be politicizing this pandemic. the reason there is a lot of hesitancy on taking reasonable measures is because the conflicts of information, having unions like the teachers unions, this is not the first time. they have done it over and over again. the problem -- stuart: mandate, isn't it? why can't parents make their own decision for their own children? why can't they do that? >> you can be, i'm against mandates of vaccinations and masks in schools. parents ought to make decisions for themselves and for their families. face it vaccination for kids has not been approved by the fda. so i don't, i don't doubt parents that want to wait until there is some approval there. so in the meantime, in my school, most of the kids go to
10:25 am
school in masks because we have delta going through the state of south carolina right now. we're making the right decision. we don't need government telling us what to do. so because you've got unions telling scientists what to do, telling the cdc, no wonder there is so much hesitancy doing the right thing in many cases. we should be doing this based on science. there shouldn't be conflict of information. we shouldn't have unions dictating what the government agencies do. stuart: do you think your children, any children, learn and socialize in a mask at school? >> i will tell you it is much more difficult to do that. when they're outside or eating lunch they can socialize better but six feet apart, five feet apart in classroom, or covered by plexiglass it is difficult. it's a lot better than virtual school. i do not want to go back to a place where my children are doing online learning in virtual school. it is devastating for us. i am a single parent.
10:26 am
i work full time. so does their father. it is extremely difficult on working families. stuart: i understand. congresswoman, we appreciate your input on this. it's a very complex subject. thanks for being here. appreciate that. let's move on, former president trump is he getting ready to enter the 2024 race? he will hold a rally in iowa. paris den ard was a big part of his last campaign. we'll ask him if trump is going to run again. he might know. taliban reportedly let 200 people fly back to the united states. are we negotiating with terrorists about this? lara logan is personally working to rescue those trapped behind enemy lines. she will tell me and us what is really going on there. ♪.
10:27 am
welcome to allstate. where you can pay a little less and enjoy the ride a little more. ♪ ♪ ♪ ♪ now, get new lower auto rates with allstate. because better protection costs a whole lot less. you're in good hands with allstate. click or call for a lower auto rate today. 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. my daughter has type 2 diabetes... my go to toothpaste and lately i've seen this change in her. once-weekly trulicity helps control your a1c... by helping your body release its own insulin. and it lowers blood sugar from the first dose. trulicity is for type 2 diabetes. it isn t for people ...with type 1 diabetes.
10:28 am
it s not approved for use in children. don t take trulicity if you're allergic to it, ...you or your family have medullary thyroid cancer,... or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction,... a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, vomiting, and diarrhea,... ...which can lead to dehydration and may worsen kidney problems. ask your doctor about once-weekly trulicity.
10:29 am
♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ ♪ i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx crafted by lexus. experience amazing at your lexus dealer.
10:30 am
(judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. stuart: check this market. nice gain for the dow. up 150. nasdaq approaching a gain of nearly 60 points. that is green. that is a rally. now this dozens of americans, other civilians trying to fly, actually fly out of kabul airport. the first large-scale departure since our troops left. trey yingst in qatar with the latest.
10:31 am
what more do you know, trey? reporter: stuart, good morning. we have some good news, that plane with around 200 foreigners on board has taken off from mohammed karzai international airport in kabul. it is headed here to doha and will land in the next few hours. according to report there are around 200 foreigners including americans on that flight who were granted permission by the taliban to leave afghanistan. they will leave on a boeing 777 qatar airways plane landing here in doha. amidst negotiations between taliban, qatar and turkey. the main issue is security. the taliban does not want foreign security at the airport. there are big obstacles to having the taliban control perimeter around entry points and terminals. the special envoy for conflict resolution held a press conference in kabul to discuss the efforts to get the airport up and running again. according to "the wall street journal," americans stuck in the northern city of mazar-i-sharif were told
10:32 am
to it come to the airport in kabul. it was unclear how many made the journey. eight flights are continuing with u.a.e. and pakistan delivering aid to the country. promising development with over half of afghanistan relying on international aid to survive. this is coming on deteriorating situation on the ground, stuart. yesterday there were images, reports, indicating local journalists were detained by the taliban, and beat trying to cover a women's rights rally, stuart. stuart: we want to know more about that, trey yingst from qatar. thanks for being here. lara logan is here right now. lara has been in touch with those directly left behind. what are you hearing? how are they have been treated? >> they describe what they're living through absolute hell on earth, stuart. they are many of them in hiding. every journalist is in hiding. they have been hunted. we did something unconscionable.
10:33 am
we left thousands of biometric scanners and database, highest level of intelligence. the taliban and al qaeda, haqqani network who are the afghan al qaeda, using that along with manifest we gave them, literally like giving "schindler's list" to the gestapo. they are literally hunting down people on. the plane taking off does not have highest risk, most vulnerable afghans on it because they are ones going to be killed. stuart: what do you know about what ask actually happening, people being killed, being beaten, being dragged out of houses do you know for this is happening? >> for a fact. i've seen images of it. women going on out streets of cab gull, not just women, i watched countless videos protesting going to the pakistani consulate to protest. this is pakistan's invasion and terrorist proxy. they are being beaten and killed.
10:34 am
i have pictures of afghan women lying dead on the streets. there are reports from u.s. intelligence sources of 1-year-old boys in panjshir valley being beheaded. i lost count of the reports families from the panjshir valley, who are people who made everything possible for the u.s. in afghanistan, being, taken out of their homes and forced into minefields to use as human mine clearances. forced into the fight. what is happening now is beyond the pale. beyond anything we can even describe to you. it is being hidden by the taliban and by the biden administration. everyone in the state department and national security apparatus who are pushing this policy of endorsing terror as a form of governing. stuart: they're buying off the terrorists. i presume that we are, that these hostages are being held to ransom. >> yes. stuart: we're paying money to get them out. this will go on for very long time. >> this is what americans need to know. we have been supporting the central bank of afghanistan
10:35 am
forever. we send them pallets of cash, more than $150 million every week. the taliban wants that money. pakistan, their masters who control everything they do. they don't want to pay for this. they warrant the u.s. to pay for a terrorist superstate. they want your tax dollars and every american that works hard in this country, they want victims of 9/11, they want every soldier's family to pay for their terrorist superstate. and so the biden administration's plan was a sort of limited conditional recognition, diplomatic recognition of these terrorists. they would say, based on conditions and what they do, right? not the fact that we have haqqani, one of the most wanted terrorists in the world, with a five million dollar bounty on his head, as terror minister of islamic emirate. don't look at that. look what they do. now we're looking at what they do. it is worse than what they did before. tell me what does that make us.
10:36 am
stuart: what does that make us? >> it making us the most despicable nation on either. stuart: lara i appreciate that. >> thank you. stuart: secretary of defense lloyd austin, chairman of joint chiefs marble millie, will testify on capitol hill on september 28th. i'm sure they will be talking about to try to explain the afghan mess that you just heard about. then there is this, tom brady and his wife gisele are getting in the game, the crypto game. roll tape. >> all right. this might be tough. >> no, he loves you. >> first even if you wanted him back he wouldn't take you. >> yeah you would. >> what's hupp. >> i'm getting into crypto. >> are you in? stuart: brady goes crypto. tell you more about that later. president biden suggests he is not the one calling the shots. who is running the show. chris wallace joins me. he is next.
10:37 am
♪. flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ♪ music playing. ♪ there's an america we build ♪ ♪ and one we explore one that's been paved and one that's forever wild but freedom means you don't have to choose just one adventure
10:38 am
♪ ♪ you get both. introducing the all-new 3-row jeep grand cherokee l jeep. there's only one. jeep grand cherokee l ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you.
10:39 am
in 2016, i was working at the amazon warehouse when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition.
10:40 am
today, i'm a medical assistant and i'm studying to become a registered nurse. in filipino: you'll always be in my heart. zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity.
10:41 am
stuart: several times recently we've seen the president asking for permission to either answer a question or walk off the set, walk off the stage so to speak. that raises the question, who is in charge? if the president has to ask permission to leave or answer a question who is calling the shots? chris wallace joins me now. welcome guest on the program. okay, chris, i have got concerns about the president's cognitive ability. are my concerns legitimate? is that a legitimate question for someone like me to ask? >> sure. it is a legitimate question. i'm not sure i have come to a conclusion. we're not doctors.
10:42 am
we don't even play doctors on tv but he is 78 years old. if you look at video of joe biden five years ago, let alone 10 or 20, there does seem to be a difference but you know, the concerns that i have about joe biden these days and decisions he is making, particularly with regard to afghanistan are not that he is in, not in charge. it is that he is in charge. this is a considered decision on miss part. remember, you know, back in 2011 when the decision whether or not to take out bin laden, the raid he was one of two top officials in the administration who was against it. stuart: on this program former director of national intelligence, ric grenell, i asked him who is in charge? if the president is asking permission to answer questions, that kind of thing, who is in charge? he said obama is pulling the strings because susan rice used to work for obama, susan rice is
10:43 am
now the domestic -- you're looking at me in a strange sort of way here, chris, but susan rice runs domestic policy. her assistants used to be blinken and avril haines. there schussed to be a who is calling the shots, ric grenell think it is obama in the background, not biden, what do you say to that? >> i don't believe it. first of all antony blinken was national security advisor to biden for years, top people in the white house staff. ron klain, mike donelan, steph rickety, i understand this idea of this larger conspiracy. i think instead of sitting there wondering who is pulling the strings i think we ought to be concerned about is joe biden himself up to the job. because i think he is in control. i think this decision to pull out of afghanistan the way he did and the way he executed it, that was pure biden.
10:44 am
remember back in 2009 when he was vice president obama wanted to surge tens of thousands of troops. biden was against it then. i think he had a feeling how we need to proceed in afghanistan all along but i think that is joe biden for good or ill, not somebody else. stuart: we'll agree to differ on that one, chris. i want to talk about your new book. your last book i read flat-out, cover to cover in 12 hours. your new book, "countdown bin laden." the 247-day hunt to bring the 9/11 mastermind to justice. do you say in your book how he got away from afghanistan in the first place? >> well, yeah. he was corned in tora bora. there was a question, this was back in 2001. there was a question inside of the bush administration how many troops should be sent there. rumsfeld was about go light and
10:45 am
as a result, he was able to slip the noose. he ended up in pakistan and the trail went cold. the trail wept cold for nine years. there were leads. they were all dead ends until where my book begins in august, august 27th of 2010 when three members of the counterterrorism section of the cia come in to see then director panetta and say we have got a lead. frankly we think it is the best lead since tora bora. that begins an adventure story. 247 days. we take you into the cia as they're trying to figure out is he in this compound? the meetings in the situation room with the president's war cabinet what do we do? then the military. bill mcraven, head of joint special operations command, seals on the helicopters going into abbottabad. rob o'neill, member of seal team six, goes upstairs to the third floor, ends up face-to-face.
10:46 am
i promise you. you said you read this in 10 or 12 hours? i think you can beat the record here. this is even more after page turner. you know how it turns out of i promise you. you're going to sit there turning pages, what happens next? stuart: chris wallace, i'm on it. if i can do it in 10 hours, you will be the first to know. just send me a flee copy. "countdown" bin lauden, chris wallace's new book. available shortly. i believe. >> no, it is ready right now in bookstores, in amazon. you can buy it today. yes, you will get a free copy. stuart: what a guy. chris wallace, you're all right. see you soon. >> thank you, my friend. stuart: new poll shows many americans think september 11th has changed how we live in america today. lauren, you looked at the poll. give me the numbers. lauren: 64% say 9/11 permanently changed how we live more than covid-19 has. 65% say policies implemented like airport security screenings
10:47 am
make the u.s. safer. i want to point out, look at that date. this poll was taken august 7th to 10th, before the u.s. pulled from afghanistan. i would like to see another poll. do voters still feel safe or has our anxiety heightened because of afghanistan? stuart: guarranty it's changed t would have to have changed. that poll was taken four days before the the afghan debacle. okay. need a new poll. thanks, lauren. check those markets please. they're holding on to a nice rally. still plenty of green. look at that 145 up for the dow industrials. 63 for the nasdaq. wait for this one. the state department is complaining that the taliban has a all male government. do they really expect terrorists to be woke? vivek ramaswamy wrote the book. he will be on next hour. college students are not worried about inflation until they hear the price of beer. watch this. >> have you noticed price of
10:48 am
everyday goods going up past year? >> not really? >> not too much. >> what if i told you the price of beer went up 70% in the past year. >> that is crazy. >> that is a lot of percent. >> makes having a fun night more expensive. ♪.
10:49 am
10:50 am
and there you have it— -woah. wireless on the most reliable network nationwide. wow! -big deal! ...we get unlimited for just $30 bucks. sweet, but mine has 5g included. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. switch to xfinity mobile and save hundreds on your wireless bill. plus, save up to $400 when you purchase a new samsung phone or upgrade your existing phone. learn more at your local xfinity store today.
10:51 am
10:52 am
♪. stuart: college students, not too concerned when asked about inflation until they heard how it jacked up the price of beer. ophelia jacobsen is a campus reform reporter and talks to me now. you spoke to students at university of florida about inflation and beer, run it through us. >> that is exactly right. i talked to dozens of students at the university of florida about inflation to see if he were concerned about it at all. at the beginning these students showed no concern for inflation. but that is when i brought in prices of every day goods college students uses gas, used cars, beer you. you can own imagine the shock these students have that the
10:53 am
price of beer rose 70% over the past year. take a look. have you guys noticed the price of everyday goods going up over the past year. not really. >> not too much since i just moved here. >> i have not necessarily noticed. >> what if i told you the guys the price of beer went up 70% over the past year? >> that's crazy. >> that's a lot. that is a lot of percent. >> makes having a fun night more expensive. >> oh, no. poor college students. >> that is atrocious. >> are you more concerned about inflation now? >> absolutely? >> yeah. definitely. >> definitely more concerned. >> get more expensive i guess. >> that student is exactly right. life and college parties are going to get a lot more expensive in the future. in all seriousness, one thing we learned from this video the best way to inform young voters about these key issues is really put it into perspective. inflation isn't a problem for a college student until they go to the grocery store to try to buy a 12 pack of corona and it costs 70% more than it did the year before.
10:54 am
that is why the work we do at leadership institutes campus reform is so important. we take policies made in washington, d.c., we show the real life consequences for students even 800 miles away. stuart: revelation to me. i did not know that beer was up 70% in the past year. i will take that. ophelia, thank you very much for being here. >> thank you. stuart: just check out the gambling stocks, please because the nfl starts tonight. there are 100 million people who live in states where you can gamble online, so you can do it very easily. estimated 45 million are expected to gamble on the games. look at the gambling stocks, draftkings, caesar's, score media, all of them on the upside as the nfl season begins. lauren, what's with tom brady and cryptos? lauren: so well he is in a new ad for cryptos, ftx trading with his wife gisele. >> all right. this one might be tough.
10:55 am
>> no. he loves you. >> this guy. >> first even he wanted to come back we wouldn't take you. >> yeah you would. >> yeah we would. what's up. >> imgetting into crypto with ftx, are you in? lauren: they both have equity stakes with ftx. we didn't show you the whole ad. tom brady is 44 years old. he says he is can throw like he was 24 and he can. the buccaneers are defending super bowl title against the dallas cowboys. can tom brady do it again. there was part of commercial where he says we will talk about retirement. he said na, i got 10 to 15 years left. people want to see tom brady. ticket prices highest for the buccaneers in 10 years. vivid has them $550. stuart: cryptos. lauren: name recognition. makes good decisions. stuart: stuart: recognize this as a
10:56 am
market rally, i see green. market up 11points. take a look at amazon please. "the wall street journal" is reporting that amazon will pay for college degrees for its u.s. employees. the stock is at 3531. another big hour coming up. we have general jack keane, rnc national spokesperson paris dennard. "wall street journal" guy dan heninger. president biden, talk about this he wants to eliminate fossil fuels. he is restricting the supply of fossil fuels. guess what's happening? energy prices are rising. that's "my take" which is next. ♪. ♪ limu emu & doug ♪ oh! are you using liberty mutual's coverage customizer tool?
10:57 am
sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need. .. ♪ liberty. liberty. liberty. liberty. ♪
10:58 am
when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering seven things every medicare supplement should have. it's yours free just for calling the number on your screen. and when you call, a knowledgeable licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free and there's no obligation. you see, medicare covers only about 80 percent of your part b medical expenses, the rest is up to you.
10:59 am
that's why so many people purchase medicare supplement insurance plans, like those offered by humana. they're designed to help you save money and pay some of the costs medicare doesn't. depending on the medicare supplement plan you select, you could have no deductibles or co-payments for doctor visits, hospital stays, emergency care and more. you can keep the doctors you have now, ones you know and trust, with no referrals needed. plus you can get medical care anywhere in the country, even when you're travelling. with humana, you get a competitive monthly premium and personalized service from a healthcare partner working to make healthcare simpler and easier for you. you can choose from a wide range of standardized plans. each one is designed to work seamlessly with medicare and help save you money. so how do you find the plan that's right for you, one that fits your needs and your budget? call humana now at the number on your screen for this free guide. it's just one of the ways that humana is making healthcare simpler. and when you
11:00 am
call, a knowledgeable licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free and there's no obligation. you know medicare won't cover all your medical costs, so call now and see why a medicare supplement plan from a company like humana, just might be the answer. we are double market. september and october have a history of being rough month. >> when biden became president he took and ask to american energy. we are better as a nation if we are selling energy to our friends than if we are buying it from our enemies. >> the problem is all this
11:01 am
money will keep funneling into the stock market. don't care what the fed says i don't think it is transitory. >> next major move is to the upside. we might get a blow off before the end of the year. ♪♪ stuart: it is thursday september 9th. the dow is up 100, nasdaq up 55. look at big tech. earlier we were up across the board, slight loss for microsoft still at $300 a share. apple, google, amazon, facebook on the upside. there is a price to be paid for getting rid of fossil fuels, it is called inflation and it is happening now. natural gas is not a sexy
11:02 am
subjects but don't roll your eyes, prices are rising and we are going to feel it. 40% of america's electricity is produced from natural gas. when gas goes up so does your electric bill and home heating bill. half the homes in this country use natural gas and here comes fall and winter. the first thing president biden did was killed the keystone pipeline. that was a natural gas pipeline was the biden team from day one interrupted supply and the price goes up. new york state sits on top of a massive gas deposit but we are not allowed to get it. former governor cuomo stopped tracking and you can't run natural gas pipelines through new york state either, another restriction on supply. what about oil? nasty stuff, same story, biden takes a dim view of offshore drilling and drilling on federal land. abandoning our energy
11:03 am
independence and you pay higher prices to fill your tank. a result of storm damage that will be fixed but then what. energy prices based on supply and demand, restricted supply, strong demand, higher prices was voters have to decide if it is worth it. the third hour of "varney and company" just getting started. scott show many returns to the program, seems to me you restrict fossil fuels you get inflation and we are seeing it now and it will get worse, what say you? >> the idea nobody who make less than $400 will pay more in taxes but they are doing it at
11:04 am
the gas tank. you mentioned natural gas. if i told you the 52-week ranges from one dollar and $0.79 to 5:0 one and i told you today we were at $4.95 that will give you an idea what natural gas has done. everything is getting more expensive, we want to keep clean air and clean water here but letting other people do it and we buy off of them. the net difference to the world environment is 0. just hurts our people here. stuart: it is a political question. are voters prepared to pay for higher energy prices while we are trying to get rid of fossil fuels and china is laughing at us. this is a political question. it will be a big factor in 2022. what say you? >> we are throwing our own
11:05 am
industry under the bus. let's say the air stays in america you are fooling yourself. it doesn't make sense with the environment, throwing people under the bus, that is what i don't under the bus, paying more for somebody else to believe there air, which could come here we do it here. what is the question? stuart: are you a global warmer kind of guy or are you a skeptic? >> i believe climate change is all the time, i don't agree on why it is changing. humans at their core are self-centered people so we think we affect a lot of things and maybe we affect it maybe we don't but there just is many people are a lot of people that would argue humans don't have as big an effect on the climate as a lot of folks would like you to believe so if we started believing those folks in 1950 the world would have burned up by now.
11:06 am
stuart: great to have you back, clarity of vision and thinking, we appreciate that. i'm going to segue to california because california gubernatorial candidate larry elder has tweeted this with my security detail was physically assaulted, shot with a pellet gun, hit with projectile's. his team was attacked by a woman in a gorilla mask while walking through los angeles. roll it. >> getting eggs from behind. [bleep] stuart: california.
11:07 am
paris dennard is national spokesman for the rnc. you saw the video. is that what you would describe as a racist attack? >> i saw something that shouldn't happen in modern-day politics but what we see is when it comes to black conservatives the mainstream media and the democrat party and democrat leaders remain silent on the issue whether it is the way they treated justice clarence thomas, modern-day lynching going to senator tim scott when dick durbin, a token piece of legislation, interning on the heels during the trump years, because of support for donald trump or young man with the maga hat was kicked out of olive garden. the mainstream media is
11:08 am
ignoring acts of hostility, aggression and overtly attacking black conservatives and don't denounce it or apologize for it or give it the attention it deserves. it is wrong and should be stopped and gavin newsom should be ashamed of this action and speak out on it. stuart: do you think more black folks are going to be voting republican in the future? i used to ask this before the last election and you assured me the black vote for mister trump at the time was going to be bigger than it was in 2016 but it was the same. do you see any sign that black folks are moving towards the republicans? >> i think if you go back to the last election, double support from black women, 26% of the black mail vote and did better than he did in the last election so there is a trend
11:09 am
showing it is increasing, the conditions of black america today under the leadership of president biden and kamala harris the black community is suffering tremendously in 7 months, there hasn't been any bills back there for the black community looking at the jobs report. stuart: sorry to interrupt but if you look at unemployment of african americans went up 8.8%. >> that is right. the only demographic with an uptick, increase in unemployment in the last jobs report, black americans across the board, 7.9 unemployment for black women, 17.9% unemployment increased for black youth. 9.one unemployment for black men, that is a problem and you add on top of that the natural gas increase you are talking about where the food inflation when single mothers go to the
11:10 am
grocery store everything is more expensive, back-to-school supplies more expensive, gasoline more expensive, the black community gets shorthand when it comes to this administration. not a priority. we are not a priority and economically we are suffering at the biden administration are doing nothing to improve and uplift the lives of the black community under their watch. >> you were a big part of mister trump's campaign in 2016, in 2020. he is going to hold rallies in georgia and iowa. is he running in 2024? >> don't know if he's running in 2024. the rnc has remain neutral but we he is going to be doing is drumming up support for the midterm elections making sure republicans in georgia turn out to vote and keep georgia read and increase supported energy enthusiasm for the party that he grew and expanded and diversified. it is a good thing that more attention, energy and galvanizing grassroots supporters run republican
11:11 am
candidates for the midterm election. stuart: great to have you with us, don't be a stranger, see you again soon. let's get to lauren who is following american airlines. lauren: these growth fears are fading, you see airlines, economically sensitive stocks rally. stuart: johnson & johnson is moving. >> by one%. 14 million americans received the j and j vaccine, some twee 7 months ago. there are reports people are getting annoyed and in the dark about the booster, how the delta variant affects those who got the j&j shot. a lot of questions about information we are getting about boosters that the president might address tonight. stuart: last week we reported a number of companies that were hiring for the holidays. i understand that ups is hiring for the holidays. lauren: 100,000 workers and they could have you hired in 30
11:12 am
minutes time. looking at years passed you come in as a seasonal worker one third of those workers become full-time so this is good news, there are many jobs to be had. stuart: can you find them? 100,000 people who want to do that job? microsoft is delaying forever the return to the office. lauren: they return to office for their headquarters slated for october pushing it back and not giving a new date. that seems to be the status. we thought we were having a great return to normal september october and it is slowly pushed back and they won't say when. they don't know. stuart: microsoft indefinite delay on return to the office. the state department is concerned that the taliban and has an all-male government. they expect them to care about gender equality? president biden calling on x
11:13 am
trump officials to resign from military advisory boards. general jack keane is one of those officials told to resign. how will he react to that? we will find out. he's on the show. afghan refugees being allowed to walk off military bases. watch this. >> they can catch a new or -- uber and leave the base, don't know how many are there. stuart: the report from capitol hill coming to you next. incomparable design makes it beautiful. state of the art technology makes it brilliant. the lexus nx. experience the crossover in its most visionary form. experience amazing at your lexus dealer. psst! psst!
11:14 am
allergies don't have to be scary. experience the crossover in its most visionary form. spraying flonase daily stops your body from overreacting to allergens all season long. psst! psst! flonase all good. ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business and offer plans as low as $30 per line. more businesses choose verizon than any other network. we are open and ready for you.
11:15 am
11:16 am
one, two! one, two, three! only pay for what you need! with customized car insurance from liberty mutual! nothing rhymes with liberty mutual. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
11:17 am
[swords clashing] - had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. stuart: republicans are demanding answers from president biden on what happens next to the afghan refugees.
11:18 am
what are the concerns about the vetting process? >> that is the heart but there are many more concerns and questions republicans are throwing at the white house and state department not getting many answers from them. congresswoman eva harrell is the latest to demand answers. she's concerned primarily that the us is performing, quote, in adequate background checks on afghan evacuees coming into the us. we know they are first taken to third-party countries arriving in the us. anthony blinken doing the accounting on the back end of things. the gop letter she just sent out a long with 40 other members of congress, dhs has
11:19 am
admitted it does minimal checks outside the united states and does not have access for criminal background check system. here is harrell about that. >> i don't think that is where americans are at risk. the number one priority should be bringing every american home from afghanistan and keeping every american safe on american soil. >> this comes as congressman mark green of tennessee raising his own questions claiming a source tells them evacuees are virginia military base have free reign over the facility and using ridesharing apps to leave the facility. the white house ignoring the deadline, 26 republicans calling for the same number of people needing to be evacuated but answers may come soon.
11:20 am
the senate armed services committee announcing its first oversight hearing on afghanistan begin september 20 eighth and defense secretary austin in joint chiefs chairman ellie are expected to testify. that will be the first hearing. stuart: it will be a big deal. thank you for that report. the administration telling a number of x trump officials to resign from military advisory boards. general jack keane is on the list and joins us now. can't imagine how you feel about this being told to redesign from an advisory board. will you resign? >> i'm not to resign, as of last night i like others who did not resign, terminated. i was appointed by donald trump in 2019 and like everyone
11:21 am
surveyed i saw it as an honor to support and assist an institution that has a remarkable history and synonymous with america's history and produce such extraordinary leaders for our country so even though i didn't attend the institution for 4 and half years when i was in the pentagon so very familiar with it. i love being there and seeing cadets and working with alicia that west point. it is so political, that is what this is, a political decision. stuart: just because you worked under the trump administration, advisor to the trump administration, the connection to trump is what it is all about. you are not woke enough, are you? >> i was appointed by donald
11:22 am
trump. that is the reason for it. you serve for three years by law. this decision by president biden is being challenged because of that. some people see it as a violation of the law. when we joined the board, myself in general mcmasters and a few others in 2019, the obama appointees were on the board and i thought the trump appointees combined with obama appointees strengthened the board, we were acting in a nonpartisan manner, to be frank about it. the board was excellent having appointees from two administrations working for the interests of the one institution. president biden has taken a hand grenade to that and unfortunately.
11:23 am
stuart: the state department is working to evacuate people from afghanistan. we are negotiating with terrorists trying to buy americans out. do you see it that way? >> that certainly is going on, driven by something we watch every single day, when president biden established a date certain 31 august and would not adjust the date, to extend it on behalf of our allies who were asking him to do that to get their citizens out and partners who helped them from the afghan community, same reason for us to extend the date and refused to do it so here we are dealing with the taliban regime and on 9/11, d posed this regime, enabled al qaeda -- the state department
11:24 am
shutting down some of the groups, veterans groups and ngos who chartered airplanes and have contact with the afghans and wants to fly them to destinations where the vetting is going on and they have been denied to land at those locations by our own state department. that makes no sense. these veterans groups and ngos list 5 of thousands people who need to be evacuated. the state department, dod and ngos and veterans groups should come together, establish a central data point for all of these lists. blinken is underestimating the number of american citizens dealing with these people to myself, i can tell you the american citizens are in the hundreds, not less than 100 as he is saying in the afghans in the tens of thousands and the government is turning a blind eye to what these groups are
11:25 am
doing. they should work together. stuart: a four star general, general jack keane, a military advisory board. we appreciate you. >> thanks. 20 years after the 9/11 attack, dan heninger, watch this. >> in the side of the world trade center. >> very black smoke pouring out. stuart: dan heninger just returned to the 9/11 site for the first time since the attack and will join me on this program next.
11:26 am
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.
11:27 am
as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage.
11:28 am
11:29 am
♪♪ ♪♪ ♪♪
11:30 am
stuart: ray charles, america the beautiful. you are looking at one world trade center new york city, saturday marks the twentieth anniversary of the 9/11 terror attack. dan heninger and his colleagues at the wall street journal were working just across the street when the towers fell. here are some of their stories. >> it is a little hard to talk about because it was so terrifying. >> the morning of 9/11 i arrived on the bank of the hudson river from new jersey around 8:30 in the morning. >> i got into the office early. >> as anyone does on a beautiful day, fall day in new york i looked up at the sky because it was so blue. when i turned my head down i said to myself that plane is too low. >> i heard a very loud shaking of the building. >> backed up and i saw a gash
11:31 am
in the world trade center. >> one of them had a huge hole in it, for aims and black smoke pouring out. >> standing there, thousands of other people staring up at this burning tower and wondering how they would put that fire out. then the flames died down a little bit and i thought maybe the fire will burn out and it is going to be okay. >> the second plane hit, it was much closer, this was the tower closer to me and much lower, much louder and terrifying. >> then there was a tremendous sound from the other side of the south tower and the guy came running up the street saying another plane hit the south tower. it that moment we knew it was not an accident. >> we were all looking up and suddenly the first tower starts falling.
11:32 am
looked like it fell, we watched it fall and you watch this cloud start to come up and you realize it is coming toward you. >> i made a split-second decision to run over the bridge rather than go back to the office, if i had gone back to the office it would have been right under the tower. i suddenly are heard people screaming and i turned around and watched the tower explode. >> i started looking and crawled under this utility been that was on one of the side streets.
11:33 am
then i started thinking got to get out from under here. are called out from under the van, somebody was in the van, opened the door and five people along with me jumped in. and shut the door but even in those few seconds so much debris got in you couldn't see anything. so much debris got in that we couldn't breathe. we were all choking. we decided we had to get out and we ran into a building that was open, the second tower. the second tower fell, completely -- >> those of us who were there that day will never get that out of our memories and we should not. stuart: nobody can block it out of their memory. dan an anchor joins us. you manage to get your paper out the very next morning, you won a pulitzer prize for it. >> the newspaper did win a pulitzer prize. it was quite remarkable.
11:34 am
a lot of us went to the every side, the upper west side, many made their way to princeton, new jersey where we had headquarters, some of our technicians went to a best buy, bought 100 computers, drove them back to headquarters, wired them up to our production system, i ended up, right under the towers, walked up the west side highway, not quite knowing where to go, got on a landline, cell phones were all dead and discovered we were putting out a newspaper and i ended up with the department of a colleague, dorothy rabinowitz and sat at her computer this afternoon and rose my eyewitness account that was all i had to give. others were all over the country and the city, down there in princeton, made our deadline in the evening and got a newspaper into people's hands
11:35 am
the next day. in retrospect it was something of a miracle. stuart: it was indeed. a remarkable report, thank you for sharing it with us. we appreciate it. see you again soon. the world trade center has been completely rebuilt in the 20 years since the attacks. lydia, you spoke to a developer who rebuilt ground 0. tell us about that. >> reporter: developer larry silverstein told us he wanted to rebuild this area so it would be a thriving mix of business and residential property. >> i hope they think of it the way i think of it. i hope they see this as an opportunity to revise the exquisite nature of what brought this country together. it is a great country, it stands for so much. for the world to see.
11:36 am
for new yorkers and americans to come together once again. >> reporter: before the september 11th attacks this area lacked economic diversity, a place where people worked and the goal after the attack was to transform lower manhattan into a place that brought people together, to work and live so remembering the lives lost and sacrifices made here are a part of daily life. that is why not just the one world trade center but the memorial and museum, a major transit hub and more projects in the works and consider this, silverstein acquired the world trade center six weeks before the september 11th attacks. it wasn't clear how this area would be built but silverstein told us he was committed to the mission from the start. he wanted to prove the resilience of the country and the city before everyone and 20
11:37 am
years later the world trade center stands just behind me. stuart: what a story, great report, always appreciate it. we will check the market because we have lost much of a rally up 150 points, we are up 14 and the nasdaq pairing its way into 27 points. that is the market still in the green. tom brady just launched a $20 million ad campaign. watch it. >> hang on a minute. how do you call this number, i am in. stuart: what is brady saying on the other end of the phone. we have that story. a billionaire wants to build this nation's first woke city. what would a woke city look and feel like, we will try to tell you.
11:38 am
♪♪ ♪♪ so wake me up when it's all over retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. ♪ ♪ ♪
11:39 am
hey google. ♪ ♪ ♪ ♪ ♪ ♪ we did it again. verizon has been named america's most reliable network by rootmetrics. and our customers rated us #1 for network quality in america according to j.d. power. number one in reliability, 16 times in a row. most awarded for network quality, 27 times in a row. proving once again that nobody builds networks like verizon. that's why we're building 5g right, that's why there's only one best network. some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something
11:40 am
else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in one convenient plan. from humana, a company with nearly 60 years of experience in the healthcare industry. you'll have lots of doctors and specialists to choose from. and, if you have medicare and medicaid, a humana plan may give you other important benefits. depending on where you live, they could include dental, vision and hearing coverage. you may also get rides to plan-approved locations; home delivered meals after an in-patient hospital stay; a monthly allowance for purchasing healthy food and
11:41 am
beverages; plus an allowance for health and wellness items. everything from over the counter medications and vitamins, to first aid items and personal care products. best of all, if you have medicare and medicaid, you may qualify for multiple opportunities throughout the year to enroll. so if you want more from medicare, call the number on your screen now to speak with a licensed humana sales agent. learn about humana plans that could give you more healthcare benefits. including coverage for prescription drugs, dental care, eye exams and glasses, hearing aids and more. a licensed humana sales agent will walk you through your options, answer any questions you have and, if you're eligible, help you enroll over the phone. call today and we'll also send this free guide. humana, a more human way to healthcare.
11:42 am
stuart: a rally but only just, the nasdaq is up 32 points, some green but not as much as there was an hour ago. show me the blade air mobility. jpmorgan predict an 80% rally. it is an aerial ridesharing stock company and that company thinks it is going to become a huge market up 14% today. if it gains 80% you are looking at about $18 per share and billionaire entrepreneur mark lori wants to build the nation's first woke city. listen to this.
11:43 am
>> the mission is to create a more equitable sustainable future. we are going to be the most open, the most fair and the most inclusive city in the world. stuart: the author of a great book he just gave me a free copy of called woke inc. and is on the show with me in new york city. welcome to the show. what do you make of a woke city. i think of it as a joke. >> it is a woke joke, you could say that. i built a multibillion-dollar company. i'm a lot of even young billionaires, no a lot of them. fundamentally lost, when state made their first set of achievement in the private sector, they want to have an impact and don't know how to have an impact and they do silly things like this. instead of creating one city with equity of outcomes how about investing in creating a country where we have equality of opportunity. that is the work we do need to
11:44 am
do is a country. this is a form of escapism, leaving the problems we have to create microcosms of marxist equity that are going to fail, i don't think it will get off the ground. vanity projects for self-indulgence, billionaires the don't take on tackling the real problems we need to solve as americans. will you a billionaire? >> i am up there. stuart: how do you make your money, i was a biotech investor for years and effectively fixed major issues -- >> you are not a pie-in-the-sky dreamer. >> at the end the day providing products people need and selling them for pursuit of profit is what capitalism is built around. the social purpose of the corporation is to pursue profit through the sale of product because that lift everybody up
11:45 am
in the process and not just the way in which politics in fact the private sector in a way that stops companies from doing that but the way we billionaires and companies themselves are trying to co-opt the role of democracy by imposing their vision of how we solve our problems on everyone else. stuart: i came to america and enjoyed the american dream. i did okay. do you think this is still the same country i came to 50 years ago? is it still a place where the american dream can be fulfilled? >> it can be with the right attitude going forward. the american dream is the idea no matter who you are or where you came from or what your skin, you can achieve anything you want with your own hard work and commitment and dedication of the problem with woke culture as we woke up from that dream. once you wake up from a dream you forget what it is all about. that is the stage we are in, we remember what the dream felt like a key for the next decade is to restore it.
11:46 am
stuart: do you have any comment on state department voicing concerns at the afghan government is all mail? >> i have a lot of concerns about the afghan government. i don't think the gender diversity is the top of the list. my concerns include the fact they have known terrorists staffing the top of the government, four terrorists released from guantánamo bay are in top positions in the government. stuart: when will you get into politics and run for office? >> i'm writing a book and in all candor i care about the message in the book, i wrote it because somebody needed to lift the scam for what it was in the private sector. i see how the game is played, that is the first step. stuart: woke inc. on the amazon
11:47 am
bestseller list, thanks. come on in. i to know what tom brady is doing advertising crypto. ashley: the man with the midas touch in an advertisement for crypto currency exchange, tom brady and his wife gisele took an equity stake in the company in june. in the commercial the husband and wife called various friends to ask them to join in. >> are you in? >> i am in. this number, okay, i am in. that was my mom. ashley: how dare you call this number. in the commercial, whether she can talk about thing, brady
11:48 am
assumes she's talking about his retirement and we talked about it. i have 10 years left, maybe 15. brady stated it is an exciting time in the crypto world with endless opportunities. whatever you say. stuart: that would be close to 60. thanks a lot. let me give you a sense of the market, the dow 30, winners and losers, the dow is up 35 points was the white house wants to crackdown on rising meat prices, the big meat producers say their price hikes are justified. we have a report butcher shop or at least one of them in chicago. ♪♪
11:49 am
11:50 am
introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...and exclusive experiences, like the chance to win tickets to see watch what happens live. hey! it's me. the longer you've been with us... the more rewards you can get. like sharpening your cooking skills with a top chef. join for free on the xfinity app and watch all the rewards float in. our thanks. your rewards.
11:51 am
11:52 am
stuart: we are playing a song about chicken, racing wisconsin because the white house thinks you're paying too much for your chicken, they accuse big meat
11:53 am
producers, chicken, meat is more beef and feeling the rest of it but the white house is accusing the meat producers of illegally fixing prices. jeff flock in the chicago suburbs. what is the response from the meat companies? >> we came into the cooler to find out, that is strip steak, that is a tenderloin, third generation in chicago. these prices are almost as high as you have ever seen. >> covid started the whole thing, they are the same they were. crime is ridiculous and you can hardly find it right now. >> fox news did a poll asking people what they were most concerned and worried about. top on the list, not
11:54 am
healthcare, not crime, it was inflation. does that worry you? >> definitely. it affects my business. people won't have the money to buy my products or go to our restaurants we sell to go eat. >> the press and the administration say the problem is the processors, the folks you buy this meat from, they say they are profiteering. you do business with these guys, you may not want to piss them off. >> i can't say what is going on. i take care of my customers. i've been working tight margins for my people because they are all hurting right now but coming down the chain. >> i want to read you what they said. don't have my glasses but the meat processors, wish i had my glasses. it is dark and the cooler, record profits, generated record profits during this time. >> don't see their numbers so i don't know what is going on. they are all shortstaffed like
11:55 am
everybody else, we ordered 200 cases of something that i will get 50 cases of something because they don't have people to do it so i can't answer that question. >> reporter: some fine meat here, this is all aged, the stuff that you eat because it is the top drawer stuff. stuart: keep me out of these stories please but that was a good report and back to you at some point. time for the trivia question. which food do americans say they would want to eat for the rest of their lives? the answer after the break. i got this one right.
11:56 am
hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find a better life. it all starts with the most innovative technology.
11:57 am
like the new miracle-earmini, available exclusively at miracle-ear. so small that no one will see it, but you'll notice the difference. and now, miracle-ear is offering a thirty-day risk-free trial. you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life.
11:58 am
. . it departs. being first on the scene, when every second counts. or teaching biology without a lab. we are the leader in 5g. #1 in customer satisfaction. and a partner who includes 5g in every plan, so you get it all. without trade-offs. unconventional thinking. it's better for business.
11:59 am
stuart: which food do most americans say they would want to eat for the rest of their lives? ashley, come on in. what would you answer? ashley: well bankers and mash is not on the list. i go with number four. pasta. stuart: reveal the correct answer which is pizza. you know, ashley, just the other day we were asking how many slices does the average american eat in his lifetime? his or her lifetime. do you remember the answer? 6,000. ashley: yes. stuart: can you believe it. that is absolutely amazing, isn't it? ashley: that is average month for me. stuart: how come you don't gain any weight? ashley: you only see me up from here. stuart: whatever you say, son.
12:00 pm
the market is still in green territory, dow up 30, nasdaq up 30. let me remind you, everybody, don't forget to send in your "friday feedback" stuff. varney viewers, foxbusiness.com. you might get mentioned on the air. you never know your luck. you might see yourself if well we select your input. my time is up. neil cavuto. it is yours. neil: more on what president biden will outline at 5:00 p.m. eastern time today. he will announce all but federal mandates for vaccines, at least for federal workers. he is strongly encouraging, some might be interpreting strong-arming businesses to force the issue. to that we should let you know microsoft is definitely postponing its return to u.s. offices for workers citing the spike in covid cases, particularly out west. that is most of where microsoft offices are housed. it

99 Views

info Stream Only

Uploaded by TV Archive on