stuart: good morning. first question all investors ask, does the rebound continue. are we out of the woods? the rebounds continues, not sure about being out of the woods. plenty of green up 200 at "the opening bell". s&p up 20, nasdaq up 42. the federal reserve indicated they would pull back on stimulus.

transitory inflation lasting quite a wild. that did not upset the market, stocks moved higher after jay powell spoke. they were interest little change, one.36 reading on the 10 year treasury, a little elevated. cryptos in line with stocks, bitcoin up to 43, is that 43,000, it was 44 earlier. a solid rebound for stocks. this is make or break time for socialism. don't be distracted by the noise about debt ceiling the government shutdowns, we are about to decide whether we spend $5 trillion reorganizing america.

the independence is dropped, those are the motors, if they keep walking away democrats are in trouble next year in the biden socialist plan is in trouble right now. the border mess still a mess. two days running secretary mayorkas was unable refused to tell congress how many people were coming across or where they were going. and psaki promised peter doocy she would get the numbers by yesterday afternoon. one last point. the administration looking for contractors who speak french work real, languages used in haiti. reportedly they want to move haitians to get mo. you cannot make this up. "varney and company" is about to begin.

♪♪ stuart: a little bit of a screech. he screeches. a bit much. i am past my prime. how is that rebound doing? will look at premarket action, plenty of green adding to yesterday's gains, one of our guests consistently bullish, michael lee, first question, where do we go from here? >> we continue to grind higher, now that the market seems comfortable with the taper i would say i expected that to come a little later in be more rattled but seems like an

announcement in november, from january to june or july, it will stop, you still have 8 to $9 trillion balance sheet. at some point in spring or summer, the market becomes - and - stuart: the direction is up. i you to deal with this every gram situation. china thinks local government is preparing for a store like the collapse of every gram. local governments would take over their properties and they are organizing groups to suppress protests. is evergraham over? >> as a company, yeah, the company is over. stuart: a threat to our markets?

>> this looms large. the stop of the systemic risk, behind the scenes they are trying to figure out the dominoes, what they are doing to get in front of that. that is a risk that overhangs the market. ideally it is contained to china and not much international contagion. that the risk that overhangs the market that didn't a couple weeks ago. stuart: the direction is still up according to likely. >> correct until i say the market becomes myopically focused on what the next move is for the fed. for 6 to 12 months, then higher we are in a bull market so the direction the next three or four years higher, some small corrections and sideways markets but too much cash. stuart: thanks for being with us.

the fed is thinking about launching its digital currency. stuart: central banks, the policy that is required. those benefit is fast payment and services but the leg figuring this out pushing the us to fall behind competitively and he said what we say in the news business, i would rather be right than fast when public money is at risk. opening the field for discussion by the end of the year on it. stuart: i would love to see digital currency from the united states. i can't imagine. i say this is make or break

week for aoc, bernie sanders and the socialists. will they get the spending they demand? i say no, they won't get the 5 trillion. >> i agree. i don't see how they can. the house moderates, the commercials attacking house moderates in the district saying if you go for this you are going to lose have been off the charts over the last week. republicans are attacking house moderates letting them know if they go along with the progressive left they will be in major trouble. i think house moderate dems are going to be in major trouble regardless but wouldn't you want to know you are 9100% trouble year out from the election? maybe i don't vote for this and live another day come november of 2022. stuart: i didn't know they were putting those ads out. president biden's approval rating has been dropping into

the latest gallup poll his approval is down to 43% among independents. it is down to 37%. that has got to worry democrats who are all up for reelection next year. >> what is interesting about that gallup poll is it was taken september 1st to september 17th before the mainstream media realize there was a crisis at the southern border. this week which is after that, the mainstream media is saying we have a problem. they've been focusing on certain elements like alleged attacking of haitian migrants which is a false flag but nevertheless the media is paying attention. let's keep in mind the september 1st-17 is when afghanistan was heavy in the headlines. it heard biden. if it disappears between now and november of 2022 in the

public conscience, that could hurt republicans. stuart: 37% very low approval rating from independents is bad news for biden when it comes to pushing socialism. independents will walk away from that. >> they are the ones on the fence that worry about their pocketbooks. they voted against trump because they didn't like his rhetoric but they like his money policy. that is why you see problems, $5 trillion plan becomes reality independents will walk. stuart: they will. some democrats will walk. that was a fine performance. the fda has authorized pfizer booster shots for people over 65 or those at high risk. when can we start worrying about the third jab? >> as soon as the cdc clears them. they are meeting until 3:30 and will vote on the proposal by the fda which greenlighted boosters not only for older and high risk americans but those

who work in high risk places like food source and childcare centers. that is vague on purpose and opens the door for more people getting the third jab than they really say. once the cdc clears this you can get the shot immediately. stuart: do you have to have the booster shot to get your vaccine passport? will they make it mandatory? >> not yet. in the future probably. we are always going to have vaccinations with coronavirus now, this is the future. the 6-month period or what period, they have to refresh it to make sure you are protected against whatever the variant is. isn't that how it seems? stuart: let's ask todd pyro. can you see this? vaccines constantly for covid

all the way down the line for the rest of your life? >> we need boosters for every other vaccine we've gotten since childhood. we get a flu shot every year. this societies pushing this covid vaccine to a greater degree than all the other vaccines combined you better believe this is here to stay. stuart: i'm in favor of vaccination but not coercion. >> you think they are not going to coerce you on the boosters? it will be 100%. >> you wouldn't have this coercion without so many people in vaccinated, there's big resistance so we are seeing the mandates to force a large number of person. stuart: insisting you are vaccinated and a lot of people will not go to work and they will lose some important people. >> and do daily testing. there is a loophole for many companies. stuart: have we done the subject? >> it is your show. stuart: let's look at futures because we are on the upside.

they say diamonds are girl's best friend but what about lab grown diamonds? going public today, it is called brilliant earth. there ceo will be joining us. msnbc anchor insists republicans want to sink the economy. >> it is so nihilistic. they are literally willing to destroy the us economy to own the lives. stuart: destroy the economy, we will get more on that have reaction from senator john barrasso after this. ♪♪ that's what i want ♪♪ that's what i want ♪♪ [slow electronic notes fade in]

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♪♪ stuart: this song - that is capitol hill. it is only 61 degrees. this the first full day of fall and it will rain on the mohammad omar baradar, give you the weather forecast. we are getting details of what is in the $3 trillion spending plan. special perks for unions. hillary vaughan, what do you have on special perks for unions? >> they are supporting the plan and bragging they have a big hand in crafting this legislation. randi weingarten of the american federation of teachers saying they were involved in creating legislation that could benefit teachers unions because it offers universal paris can't expanded childcare and free

community college but there are payouts in this package that unions could benefit from. one of those is allowing union members to deduct $250 of union dues from their taxes and republicans are jumping all over it. the top republican on the house ways and means committee saying taxpayers are subsidizing unions when 90% of workers are not part of the union but other benefits what extra the minute offer extra cash for people who buy electric vehicles that are union made. the plan as is does offer a tax credit for $7,500 for people who buy electric vehicles but a union made car, they get an additional 4500 credits on top of that and the auto workers union president is praising that move saying this ensures

that in the transition, taxpayer dollars will not subsidize, standard wages and middle-class economy during this job transition. we welcome all auto companies to unionize and give us workers the same union voice as in every other country. it is clear unions not only see this as a big payout for them but as a way to expand union membership. union spent millions of dollars in the past week on ad campaigns promoting $3.5 trillion spending package as well as the infrastructure package. stuart: i wonder what an apple iphone would look like and how it would perform if apple were totally unionized. just an oddball question. senator john barrasso joins us now. do you think that you can kill all of the $3 trillion spending package?

>> that is the goal. every republican is united behind that but any time you turn on the tv in america you see in living color the incompetency of the biden administration, seated at the border and in afghanistan and in the city so this president is your portable poll numbers is in freefall and desperately trying to get something passed. he met with democrats at the white house to do that. he's trying to do anything he can to get some number, $3.5 trillion or higher, some lower by others. sound like talking to democrats last night on the senate floor who were at the meeting sounds like the president is very frustrated almost begging for any number he could report. republicans want to make that number 0 because it is not just the cost but the content and government run socialism.

every one of us is opposed to it. stuart: listen to joy read describe your party, role tape please. >> the political party, it is so nihilistic. they are literally willing to destroy the us economy just to own the lives. republicans are refusing to vote to increase the debt ceiling which could have catastrophic results. stuart: that is if you don't raise the debt ceiling, you republicans destroy the economy. what is your response? >> i bet she wishes she had your rating numbers in wyoming, nobody knows who she is in their tuned in to see you. let's talk about trying to destroy the economy of this country. what about a massive trillions and trillions of dollars of tax increases that will ultimately had everybody, that will hurt the economy, massive government spending which is the part of the program they are proposing

with massive inflation as a result, undercutting and eating into people's paychecks, what about the massive government regulations they want to put into place driving energy costs up. all of those things are going to destroy an economy and are part of this $3.5 trillion tax and spending spree. stuart: glad to hear our ratings in wyoming are stellar. thanks for confirming that. we hope to see you again soon. california's governor gavin newsom signed a bill that could force amazon to change its labor practices. which labor practices. >> it restricts warehouses from setting production quotas for workers that prevent them taking breaks are adhering to certain safety protocols was what that does is open the door for workers to sue. if you have an explosion of

expensive litigation hitting amazon, that is bad in the words of the california retailers association, quote, this will exacerbate our current supply chain issues, increase cost of living for all californians and illuminate good paying jobs. in a nutshell if you done this down governor newsom is concerned that employees work too hard and amazon says what are you talking about? we have fired less than one% of the staff for underperformance. we are taking care of them. we are paying them well but if you open the door for them to sue us, i don't know -- stuart: california never ceases to amaze me, the home of technical innovation and a clampdown on uber and clampdown on amazon. stuart: no unions for amazon. texans futures, we are looking up at "the opening bell". the dow has not been of two days in a row in a month and the s&p hasn't risen two consecutive days since september 2nd but we are going up this morning at "the opening bell".

ethereum back above 3000. a modest recovery for the cryptos this morning. we will take you to wall street for "the opening bell" after this. ♪♪

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stuart: don't know why we are laughing. we were talking about personal pronouns. what pronoun do you prefer. your money is going up by "the opening bell" this morning and here is david lefkowitz. after this week's performance are you still saying that the s&p goes up 7% to 5000 level. are you saying that? >> we think the s&p can be 5000 by next year so that is a 15% gain and what is interesting is a lot of concerns about china, what is happening in dc, we got

an interesting signal last week. investors, individual investors are surveyed once a week, they came in at cautious readings, that is a contrarian signal. when investors get cautious you want to get more bullish. warren buffett said you want to be greedy when people are fearful and fearful when people are greedy. people are fearful right now. we think these issues would get resolved and that leads to an upside in markets in the next 6 to 12 months. stuart: as a professional on wall street were you worried on monday? are you getting anxious? >> we put in i can't tell you how many man hours and woman hours to understand what is going on with china ever grounds. this is not, that derails the us economy.

we spent a lot of time looking at this, it is a different situation than the us housing crisis a decade ago. stuart: 5000 by the end of next year, up 15% from where it is, so says david lefkowitz. thank you for being here. they are ringing "the opening bell" and we are about to start trading on this thursday morning, we are off. immediately jumping to a 200 point gain and the vast majority of the dow 30 are in the green. the s&p after 15 or 20 seconds up half a percentage point and the nasdaq up a third to 0.37%, shy of 15,000 on the nasdaq. with a game like that i presume

big tech doing well and it is except microsoft. alphabet, apple and microsoft onto the green. $335 a share. facebook chief technology officer gone. >> facebook lost 4% in the selloff. one of the earliest and most powerful sucker burr deputies, and the first to occupy, stepping it is another zuckerberg lieutenant taking over the cto -- stuart: did the technology take the hit? >> if you look at the reaction,

the facebook files whether it is instagram, what they knew about advertising, among all those scandals, when advertising, with targeted ads. there is no controversy. stuart: 345 on facebook. all of garden. >> the best italian food. it is a fantastic foot traffic number. and italian last name - >> i rolled my eyes. and they are irritated when they set that.

with an additional 750 million in stock buyback. stuart: that will put you up. >> they updated full-year guidance. stuart: on the prompter it says blackberry is rallying. >> they don't make hardware. the blackberry is more software technology, and meme stock play, the rest of the meme stocks, that they are today. stuart: but by what definition? >> the retail website and the fact that there's a lot of short interest tried to kill

the shorts is what the retail crowd is trying to do by tilting and flying in. stuart: let's get to an important company, salesforce on the upside. nice gain, what have they done - >> raising their outlook looking for sales of $26 billion next year, $31 billion in 2023, looking like that slack acquisition seems to be paying off. stuart: extraordinary performance that has gone straight up. you are laughing because i missed it. >> you have been calling it a boring stock for some time. stuart: amc, dogecoin.

and overwhelming, and the biggest dogecoin influencer, moves more than anyone else. to buying movie tickets that is true. he used crypto as a currency. stuart: i need a quote on dogecoin? >> you would think with elon musk, that would be $0.30. stuart: a quick point, the dow is up 270 points, back to 34,500. roku is moving 3% higher. >> a big international opportunity. dominant streaming settop maker, but there are people out there who say cable, and broadcast and cable might die and it is streaming future. stuart: no comment on that since i built my career on table. >> you had a fantastic run for

30 years. stuart: i started out in a tiny little station in california which had a good cable connection. started out in cable tv before cable was universal and i rode it through the 70s and 80s. >> you had a fantastic run. stuart: hydrogen fuel at the plug. >> it is worth $33, tremendous energy play, $20 is attractive. stuart: i am sure there are significant winners with the dow up 280 points, the top performers salesforce. nike is in there, jpmorgan, american express. the next list, top winners among the s&p 500. what are they?

>> olive garden, the cf industries. stuart: sit there permanently because the screen is red for you. nasdaq winners. >> biogen, a chip supplier doing very well. a lot of value plays. stuart: the dow just crossed the line above a 300 point gain. 34,554 is the dow. >> we made back all the losses. >> 50 tuesday. the 10 year treasury yield 136. $1,252 an ounce, and we'll always intriguing. it is at 7262.

486, not quite the 7 year high we saw earlier but a reminder if it is a cold winter you will see some inflation. coming up, remember when president biden encouraged illegal migrants to head to the border, watch it again. >> i would make sure we immediately surged to the border all those people seeking asylum, they deserve to be heard. that is who we are. we are a nation that says if you want to flee and your fleeing oppression you should come. stuart: the administration is now struggling to contain a crisis they helped create. this is our story and we will stay on it. when university wants students this is where pronouns come in, big university saying students could face action, action could be taken against them if they use the wrong pronouns. what have we come to? forget what you know about traditional big tech, the

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stuart: the dow is positive for the week up 380 points. can we see target? they are getting ready for the holiday season. they expect current store employees to work 5 million more hours because they are cutting back on seasonal hiring. they expect 5 million more hours. we told you about the linked in fact the left 7 million users

exposed. i understand the names are released. why is that important? >> some of those users are executives in security or financial departments, a gold mine for hackers. mostly public data like your address but the email address too which means that the hacker has someone in high position, an important companies email. we can all do that. stuart: there is no impact on microsoft stock from what you just described. it is close to $300. we are joined by ray wong, how to play the meta-verse economy. what is the meta-verse. who are the key players? >> the coordination of what is

happening in the gaming world and meta-verse world, the unitys, epics, the world's reaction is a digital world that is a representation of the physical world and we have head sets which everybody knows and the crypto markets coming into play, you buy digital goods and services, convert dollars into digital currency and the chip manufacturers, the ones that are powering those chips to create those that have manufacturers and creators driving content. that creates the meta-verse economy. this is what we see the future of the internet and commerce and social networks. stuart: digital representation physical things is the meta-verse economy. is it taking over from the internet, replacing it?

>> it won't take over from the internet, you will see a gradual transitions as goods and services move into that market. a good example is robots, kids are building their world, their games, their characters with robots. that is one example but we see gaming engines, creating these new universes, software, creating what is behind it. and to some extent intel will play a role, they are creating the stack to allow developers to build into that universe. stuart: you have been bullish on big tech with new price targets, for example apple right now is at 146, you see going to 170 soon. >> i do for a lot of reasons. the advancements bring the rest of their user base over to 5g

with the new capability and play a role as more devices are being picked up and people picking up more phones as well across the board. stuart: thank you for explaining, i did not understand it before you came along and now i do. now the automakers, put them on the screen, they are dealing with the chip shortage. how much will this cost? >> $210 billion nearly doubling from a forecast given just 4 months ago. that is the cost of the carmakers but costing us the consumer, 7.7 million vehicles, fewer choices, higher price tags, gm already warning we will make 200,000 fewer cars in the second half of the year. when does the industry return to normal? no idea. stuart: i will speak about elon

musk who is planning to sell car insurance. >> he says the regular - regulatory process is extremely slow and complex, hoping to offer driving insurance. at illinois to the list, and they were doing so since 2019 and rates are cheaper than the competition. there have been issues, might be considered safer from the insurers point of view. >> elon musk is a disruptor. it means disruptive. don't be distracted by arguments about the debt ceiling.

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stuart: jewelry company brilliant earth, beth gerstein, great to have you on the show. what is the proportion of sales through 14 showrooms versus online. >> the beginning phases of the show room roll out, this is an omni channel shopping experience, jewelries are considered purchase, customers like more 1-on-1 interaction knowing there is a show room

nearby, helps unlock that conversion it is reassuring to the customer so we think the bottle with strong showrooms is the winning model for the category. stuart: fascinated by the industry and i want to know the proportion of lab grown diamond you sell compared to what i call real diamonds. >> we have been offering lab for a number of years since 2012, one of the first to offer it, we think it is an innovative new category that opens a new market for consumers and our job is to provide different options for our customers side-by-side and provide the education but some customers really like the romance of natural diamonds, others like to know it is mining free and because we are that company, it is natural. stuart: is it 20% lab grown, 80% natural? >> we don't get to that level

of granularity and provide the options. stuart: what is the price difference? one ^ flawless natural diamond costs how much versus one ^ lab grown diamond. >> typically about 30% more affordable. often customers will shop with the budget and end up buying a bigger diamond on the last side. the complex consideration, incredibly design driven and customers are motivated by design in this category. 95% of customers are really influenced by design. it starts with a design and

both are fantastic options. stuart: in this day and age where personal pronouns are very important is it okay to say diamonds are a girl's best friend? >> we value diversity and inclusion. it is part of our culture. we are seeing couples are increasingly shopping together. stuart: can i say diamonds are a girl's best friend? >> we wouldn't use that phrase because we want to make sure it is inclusive, catering to everyone involved in the process all genders. stuart: you are based in san francisco. thank you for joining us. >> amazing day for the company and we are proud to be here. strt: still had lara logan, pete hegseth, rick scott, the 10:00 hour of varney is next.

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♪. stuart: is that -- sounds like he is whispering, doesn't he? good morning, everyone. it is 10:00 eastern. straight to your money, please. the dow industrials and s&p are both positive for the week. in other words with a 400 point gain the dow eradicated monday and tuesday's losses. we're at 34673. we're very strong today.

10-year treasury yield right now coming in at 1.36%. it is elevated as they say today. we have an economic indicator just crossing the wires now. index of leading economic indicators. lauren. lauren: how is the recovery doing in? better than we thought for august. future economic activity looking good. stuart: we have mortgage rates. not much changed. lauren: increase slightly to 2.88%. that is for 30-year fixed rate. i love what freddie mac said about the housing market. it will be chop by because homebuilders are warning about supply shortages and for labor and materials. stuart: both reports seemed to help the market. you're looking at a big gain now, 440 points for the dow and it is still going up. now this. the president has jumped on

bernie's bandwagon. his economic plans sounds it was taken from one of bernie sanders's campaign speeches, quote, over the past 40 years the wealthy have gotten wealthier and too many corporations lost the sense of responsibility to the workers and communities and country, quote. that is the bernie's theme. blame the rich. blame the wicked corporations, tax them to dead. biden is the figurehead. socialists are calling the shots. they want it all. they want the highest corporate taxes in the industrial world. they want a big piece of all the profit you ever made in stocks or real estate or your own small business. when you die, they want a chunk of what you were going to leave to your family. gee, i wonder if the really rich democrats in new york, new jersey, illinois, california, do they realize what their own party will make them fork out 50 or even 60% of their income? do they realize that? i hope it dawns on them soon because congress is about to

vote yes or no on socialism. if we go ahead and spend trillions on social programs, we will all regret it. recession, inflation and class warfare. do not be distracted by government shutdowns or debt ceiling arguments. this is about fundamentally changing america. we're right at the point where we have to decide, capitalist or socialist. america or europe. second hour of "varney" just getting started. ♪. stuart: i just said, i just said to my colleague, lauren, i said, that was a pretty good "my take" i thought. she said, i wasn't listening. lauren: because i know will was listening. i have him. stuart: there is will cain. he is supposed to be commenting on "my take." i say it is make-or-break for socialism and the democrats.

what say you? >> i'm sorry, i wasn't listening. i was looking at my phone. stuart: it wasn't funny. >> here is what i say in response to your "my take." we have a conversation here, two men here speaking through the modern technology of television, stuart. i have some come split cad thoughts on this i'm not sure all really fit together. i'm willing to own my own contradictions. first there is this. there is no doubt you can't tax your way to prosperity. that is truism that happens to be true. if you want to see your scenario play out, come down to texas. see number of california license plates driving around dallas-ft. worth. people are leaving high regulation states, shutdown states, moving to free states. that is happening. people are voting with their feet. secondarily i know you can't takes your way to prosperity and i'm not standing up to protect the corporations for the past two years you know cut not just capitalism but in general, the american culture around ethos

that led to prosperity. i'm not inclined to sit here today to stand by corporations that took up critical race theory, that undersold cap at that tall -- capitalism, sold out their own shareholders, their own customers, to be protected from the woke mob. i'm not here for them today. if i'm here for anything it is the prosperity of america. finally, let me say this, stuart, bernie sanders is right about one thing there is growing inequality in this country. but it doesn't seem to be defined by wealth. it is defined by protected class of people that live under one set of rules and others who have to obey those rules. it is not just politicians. celebrities at the emmys. a clear divide in the society whatever, however we define the elites and everyone else. there is an inequality. there is absolutely cultural inequality that everyone can feel. stuart: you, sir, are a original thinker and we value that on this program. that is really cool stuff.

i will change the subject. i want to talk to vaccines. i want you to listen to msnbc rachel maddow says about the vaccine. roll tape. >> people say getting vaccinated or not is a personal decision as if it only affects you. your personal decision whether or not you get vaccinated it has really tangible consequences for a whole lot of other people who aren't you. to not get vaccinated right now ultimately results in someone else dying in anchorage because that person can't get dialysis treatment at that would save their life otherwise able to get if it weren't for the hospital being overwhelmed. stuart: will cain what is your original thinking it is not a personal decision? >> well, so first of all i have had trouble understanding the logic from the beginning that an unvaccinated person represents a threat to a vaccinated person that undercuts the idea of vaccine being effective in and of itself. what maddow does transitioned the argument unvaccinated are threatening hospital resources.

what she is talking about unvaccinated person threatening someone who needs kidney dialysis can't get into the hospital. i don't think there is data backs her up on that. there are stories, stories. there is no data out that hospitals are pushing unvaccinated people and others out into the streets. the person that bay pays the cost, the person making the choice for themselves. they tried to externalize that choice to force it on you. they can't externalize it not if we adhere to logic, data, reality. stuart: will cain, come back soon with a brain like that. we could use it on this program. thank you very much for being here, sir. >> got it. lauren: i was listening will. stuart: thank you, everybody. let's update everybody on the evergrande situation. the chinese government is preparing for the fall of evergrande. lauren: yep. stuart: what are they doing? lauren: well they're saying we've been saying, beijing will

not bail them out although they did pump $17 billion into the economy today. "wall street journal" reports that things could get really ugly. local governments have to be prepared to step in if things go south, monitor social unrest and protests. limit the job loss. they have 200,000 employees. but if you look at indirect exposure they create 4 million jobs every year, investors, suppliers. real estate sector is 29% of its gdp. it is big for china. the big effects globally, everybody talking about lehman moment china won't bail them out, they warrant to send a message in my opinion to other developers in this situation it will affect the economy. analysts are downgrading the forecast for gdp because of this. stuart: i want to go to gary kaltbaum on that. welcome to the program again.

we are trying to figure out what is the impact on china's economy on evergrande and all the restrictions they're placing on the population? is the economy really slowing badly there and will it affect us? >> it will affect the whole world. i must tell you, stuart, i talk about this all the time, they have killed a bunch of their industries. their educational industry stocks are down 90%. big names like alibaba down over 50%, wiping out 400 billion of market cap. so yeah, this is cumulative effect and more they go towards the state running the show, the worse it will be for their economy. we know that as fact, it will affect the rest of the world to a certain extent. they're the number two economy in the world. that is 15 trillion beneath us. but very large. so something to watch closely. we find out one of their big guys is massively in debt, effectively bankrupt of the only

reason it is standing today because got saved for one payment. we'll see what happens next. stuart: aside from evergrande, aside from china, let's look like our market here. looks like a very solid rebound, we recovered at least on the dow from monday and tuesday's losses. where too from here, gary? >> looks like monday was evergrande. that is out of the way right now. look, before this week half the market, i call it the stuck part of the market, economically sensitive market was not really working well. we're talking transports and the like. i still like the growth arena here. it is already starting to kick back into gear after a couple of bad days. you know the names. we talk about it all the time. these category killers and i think they will be on their way and i expect some pretty good earnings come third, fourth week of october. stuart: sew we can relax now? >> i never relax but, yeah, i think that the market put its

line in the sand in the last couple of days and that is important. i got to tell you there are areas of the market that are in pretty bad shape. you better stick with what's working. stuart: how is florida economy doing these days? >> cook being, my friend. i see no issues and, you know, i check things out a lot and business is pretty darn good. i can tell you that the theme parks are in good shape. now looks like we'll get international visitors again. remember, we're a big international visitor hub here, especially in central florida and we have haven't had any. once that occurs it can get only better. stuart: just wait until the brits arrive in your property market. gary kaltbaum, ought of time. good stuff. see you soon. thank you, gary. movers, what are they? darden restaurant 8%? lauren: new high and also leading the s&p 500 as darden goes higher their same-store sales increase 47 1/2% in a month.

look at competitors, lifting cheesecake factory and texas roadhouse as a result. i love for the ceo darden restaurants said. he says we have to be very mindful and careful, even though our costs are going up not increase prices too much. then you will push away the consumer. he knows his market. stuart: i think darden has a stock buyback program don't they? lauren: i don't know. stuart: we have a look at toast. this is not a food company. this is a food tech company. what is the story? lauren: tech kay of trading. they were up 56%. they are the r&d arms for thousand of restaurants that are their client. they connect their delivery. there is appetite for investor for new tech. that is what toast is. look at yesterday's gain. stuart: especially in the restaurant industry. you need new tech. you can't get staff. carnival, any story there? lauren: world's largest cruise company expect to return more

than 50% of their total fleet capacity by the end of next month. that is 42 ships across eight different cruise lines. the stock is up 4%. stuart: how many times have we seen cruises go up. lauren: they're volatile. they're volatile. stuart: bookings will they go up? lauren: there is demand out there. a lot of people taken cruises they felt very safe. they're tests all the time. it is very orderly, carnival up 4%. we got that. next case, the administration is hiring more fbi agents to tackle domestic terrorism but is this a way to justify more government surveillance? good story, we'll take it on. the white house keeps putting out numbers on how many haitian migrants were sent back to haiti, how about the migrants were eliseed across the country. watch this as jen psaki was pressed has president biden to our southern border. >> has president biden ever been to the southern border?

>> in his life? >> yes. >> i will have to look back in my history books. stuart: texas congressman will get his take on that. ♪. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it.

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xfinity makes moving easy. go online to transfer your services in about a minute. get started today. ♪. stuart: breaking right now, president biden's special envoy for haiti, ambassador, that is the official title, that person has just resigned. he says he will not take part in the u.s.' inhumane counter productive decision to deport thousands of haitians. now listen to this. roll it. >> i would in fact make sure

there is, we immediately surge to the border all those people seeking asylum. they deserve to be heard. that is who we are. we're a nation says if you want to flee, fleeing oppression you should come. >> new president, biden he will help all of us. given us 100 days to get to the u.s. stuart: you heard it, candidate biden urging m to surge the border. shortly after you heard his win, you heard that migrant raising the new border policies. congressman brian babin, republican from the great state of texas joins me now. congressman, your state is really suffering right now, what is happening at the southern border. how long will you put up with it? >> well we have a u.s. constitution, stuart. good to be with you this morning. article iv, section four of our u.s. constitution guaranties the states by the federal government to give us a republican form of government and also to protect

us from invasion. we are absolutely being invaded. last saturday there were 15,000 illegal aliens come across that border, crashed across and i don't know how many many are there now, roughly 7 or 8,000 are still left. they deported 1700 evidently. where are the other ones? they're releasing them into the country. it is going to be up to the great state of texas, our governor to secure our own border. and that is what is going to have to happen, stuart. we have got to have order down on our border. we have erased our border. we have surrendered our southern border in the great state of texas, we're being overwhelmed and swamped, these democrats want this to happen. they want it to happen. stuart: that was my question, congressman. do you think this is deliberate? president biden really has no time for texas or the governor or republican politics, period. so is he doing this, allowing

texas to suffer like this on purpose? that is a strange suggestion on my part but i can't help thinking it. >> that is not a strange suggestion. i think we just, i think tucker carlson had a segment last night with a quote, a quote from president biden, actually at that time vice president bide, and he said that we're going to have, be white people in america are going to be minority by 2017. he said that is a good thing because the folks coming across the border from third world countries are a source of their strength. he said that i'm not making this up. and so obviously this is a grand strategy on the part of the democratic party to replace the american electorate with third world people that are on government assistance and put on a road to enfranchisement with citizenship so they can vote. there is no other way to get

around this. it doesn't, it is income incomprehensible. a lot of things this incomprehensible president is doing, he is surrounded by incompetents. take afghanistan, expenditure of trillions of dollars, ruining our economy, you name it, i think the border is the greatest symptom of it and the greatest threat to our country, stuart. stuart: i will leave it at that. thank you, congressman. we appreciate it. see you again soon. the canadian border remains closed. aishah hasnie is why is canadian border closed? reporter: that is the million dollar question, right? this administration long said it would follow the science when it comes to making covid related decisions like this one at the northern border but for some reason dhs secretary alejandro mayorkas can't seem to explain

to angry democrats and republicans why the border is still closed so right now, stuart the northern border is open to canadians by air but closed to non-essential travel by road even to folks fully vaccinated. angry senate democrats touching states of the northern border, certainty a letter to president biden. they're urging him to reopen it. they're concerned about the economic and familial strains. gop senator steve daines really underlining the hypocrisy of this policy as unvaccinated migrants continue to cross the southern border at free will. >> with vaccination rates of haitians less than 1%, yet you have vaccination rates of canadians north of 70%, montanans are saying this is unacceptable. frankly it makes no sense. reporter: stuart, democrats are not holding back on this. they really grilled mayorkas

about this situation at a hearing this week. he passed the buck. he said this was quote, and all government decision. still no answers. stuart: no answers. ashiah, thank you very much indeed. keep an eye on the bottom right-hand corner of the screen, we're up nearly 500 points for the dow. that is called recovery. this, the fbi said domestic terrorism caseload has more than doubled since last spring. details, please. lauren: new era of fbi surveilance. caseloads rising to 2700 now from 1000 last spring. at 260% increase in staff. this all started around the capitol hill riots, january 6th, now the biden administration wants more money, more eyeballs, sifting through what some people of some belief have to say what they post online. they want to prevent further attacks but they're very concerned about those rioters and what they called domestic terrorism. stuart: more surveillance here

we come. lauren: watch what you post, check the market. dow and s&p are now positive for the week. the nasdaq is pretty close to joining them. in other words, all of the losses that we saw on monday and tuesday have been eradicated so to speak. we're on the upside. 34,700, that is the where the dow stands. heating your home will be very expensive this winter. nat-gas prices at a seven-year high. are the price hikes, high prices are they here to stay? daniel yergin is the expert. he is on the show shortly. i will ask him. the administration pushing the auto industry to go all electric by 2030. one state is developing electrified roads. jeff flock at the detroit auto show will tell us all about it. ♪.

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not bad. back to the markets. let's get serious here. the dow industrials on a nice move, up 470 points, 34,700. that is a complete reversal from monday's losses. nasdaq is up 150. susan is with me. got some movers. is it sofi? susan: sofi. i like your take on the name. always unique from the stuart varney perspective. the most talked about stock on the wall street bets page, reddit, jeffries says it is worth $25. could be profitable for them. stuart: goodrx. susan: good pronounciation. they have sales that will help them through advertising and referrals. stuart: nike. susan: costco, big ones to watch for. nike, they greet your fans, they

love to see you. focus on supply chain issues especially vietnam. online sales in china will be important. stuart: here it comes, i want to know about cathie wood. you pay a lot of attention to her. susan: not just me. stuart: something about tesla and the shares she owns? susan: i was going to get to some of the high growth plays. cathie wood, unity which she likes. let's get to tesla because she is reiterating that she has a very bullish price target for tesla. she made her name on that. forget the quote. stuart so keen on this, nothing to change on the outlook, we get to 3,000 next year we could be peeling out of it. stuart: i don't understand. susan: she could be selling off some of her shares. stuart: she says it gets to 3,000 next year, if it doesn't she sells, is that it? susan: gets to 3,000, sell the shares and book the profits. as i mentioned to you, i love

the fact she is sew transparent, every night she will tell you in an email, what she brought, what she sold. draftkings is one of her holdings. unity as well. stuart: i would like to see that. susan: 2021 who else does that in this day and age, right? stuart: fair enough, thank you, susan. we have op-ed in "wall street journal." for automakers the chip shortage will persist. uh-oh. the man is daniel yergin. he joins me right now. daniel, tell me why this chip shortage will persist for some time? >> because the automakers are competing with the electronics makers who are competing for the chips. we calculated 7 million cars so far this year not built. i think many viewers will know if they went in to try to buy a car, they're told not there yet. used car lot is empty but dealers will be very interested in buying your car back from you because there is a shortage of

cars and it all goes back to chips. stuart: but how many chips are in your average car? i figure maybe a dozen, a couple dozen at most? how many is it? >> no. much more, stuart. it is more like 1000. some ways cars are increasingly becoming computers on wheels to run everything from your windows that you bring them up and down to your visual displays. stuart: i didn't read your article but did you put in it a sometime when the chip shortage will end? are we talking by 2025 or 2024? >> no. largely we think by the end of 2022, some of it going to 2023, particularly as you will need more advanced chips for the kind of connected cars that people are building. by the way, electric cars use more chips than conventional cars. stuart: glad you told me that. now then, you are the expert on energy, oil and natural gas.

nat-gas prices are surging ahead of winter. daniel, this to me is a huge inflation indicator. are we going to have a real hard time paying to heat our homes this winter? >> i think there is a risk this winter of higher prices. in europe prices are already five times the average price of the last several years. the whole market is tight. supply is tight. we have ample gas, natural gas supplies in the country, but difficult to build the pipelines to get it to consumers. stuart: that signs like a direct criticism of the cancellation of keystone pipeline. are you critical of president biden's policies? >> keystone, canada is or most loyal supplier of oil. it was modern pipeline on and off. they had to throw in the towel. there is a lot of natural gas in kind of the pennsylvania region you can't get to market because you can't get the pipelines

built. so we have to supply that. on top of that disruption come from the storm ida in the gulf of mexico which has taken out supplies. and a global economic growth. demand is up. and supplies are tight. stuart: i just sent some nasty energy price inflation coming our way. daniel -- >> i think you're right about, feeding inflation transient. depends on how long transsy end is. energy prices, european central bank warned about the impact on inflation. it's there, we will see government gets into more and more after lather about it. they will blame the companies, not looking necessarily at their own policies. stuart: indeed. daniel yergin, good stuff. thanks for being here. the first outdoor detroit auto show, it is called motorbella is open to the public today. that is where jeff flock can be

found at the moment. what is this about electrified roads? no more charging stations. reporter: imagine if we could charge this f-150, electric f-150 lightning as we drove. speaking of driving? are you ready. show you something mr. varney. these things accelerate very quickly faster than your f-150. go ahead, punch it. see what this does. can you see it? whoa. this is the advantage of having an auto show that takes place outside as perhaps you can tell. this, this thing really moves. the focus is on electrics by the way. pursuant to that i want to stalk to ford, can you open the door. this man certainly knows its cars. this is in charge of the battery electric vehicle program at ford. >> how are you doing? he absolutely loves to show off what the truck can do, doesn't

he? reporter: the idea of this show, look around to all outside, put people in an electric car. make it feel what is it feels. >> you can explain it has 565-horsepower and 775-foot pounds of torque but that doesn't explain how it feels. one gear you never felt anything like this unless you're into drag racing. reporter: people are skeptical a lot of our viewers are skeptical about this. talking about in the democratic infrastructure bill, huge new incentives, right? $14,000 incentive to buy this car from the government? >> so those incentives are so important because they mean we can bring these vehicles to more and more people. they can experience what an amazing vehicle it is, at price they're paying for vast gas vehicles today. reporter: i wish i had more time to talk to you. that was a breath-taking ride. mr. van i in urge you to look into it, electric f-150.

stuart: i am thank you very much, mr. flock. we'll see you again. airbnb they're in the news, doubling number of afghan refugees they will temporarily house. we'll tell you how many evacuees will take in. a lot more. the pandemic has given many the chance to move around the country to work remotely. one company is cashing in. they're offering flexible rentals fully furnished. the founder, ceo of june homes is on the show. is it millenials feeding this boom? i think it is. we'll find out for sure in a moment. ♪.

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stuart: markets showing a very positive rebound after monday and tuesday's losses, look at

that. we're up 460 points for the dow, 130, 140 for the nasdaq. that is pretty solid rally after one hour's worth of business. we'll see how we close today. kb homes up despite the fact they came out publicly that labor shortages, supply shortages will continue to hamper their operations. nonetheless kb homes up 4%. you remember the plan of airbnb is raising the number of afghan refugees. who pays? lauren: 40,000, subsidies provided to the host by airbnb or donors. the ceo of airbnb has seen an out pouring generosity. biggest need in dallas, northern virginia, sacramento, seattle. the housing typically lasts 50 weeks. it is beautiful. outpouring of support. stuart: support is a good thing.

thanks very much indeed. the company june homes. it's a new company. it rents out if you were niched apartments around the company -- furnished. rent for up to 18 months. the founder joins me right now. daniel, i take it demand is booming. we know that. is the demand coming mostly from millenials in big cities? >> stuart, good morning. great to be here. you know what is surreal, 40% of our apartments were vacant. they were asking us whether young people will live in new york and whether they will come back. today our demand has grown 2.5 x quarter over quarter. we're running out of supply and apartments in all major u.s. cities and we, the demand is there. june homes is on a mission to be the world's largest housing company and we're -- [inaudible]. stuart: daniel, doing well getting it all in there, telling us how great of a company it is.

you're doing a good job, lad. you're doing well. >> that is the job of a ceo. stuart: that's right. i understand that moving, you want to hire a moving van, it is extremely expensive. i would have thought that suits you because if i'm relocating, i might not want to take all my stuff with me. can't afford it anyway. if i rent one of our apartments fully furnished on a short lease helps me out a lot. i bet you get a lot of demand for people relocating? >> [inaudible]. people are spending time between cities. younger people can't afford to sign 12 month leases. there is too much uncertainty. they don't know where they're going to be in 12 months. people can't afford to prepay two to three months rent up front. people are looking for flexibility and convenience. they're not willing take weeks off from work to go apartment hunting. this generation wants flexibility and convenience on the app, on the phone. that is what we're trying to do with real estate. we're working with small

mom-and-pop landlords to convert their multifamily, single-family homes into dual-use with a lot of demand, increase their by 10 times. brokerage -- [inaudible]. increases rental prices for consumers. stuart: rental price, the cost of renting is going up very strongly, isn't it, and you're part of that? >> rental prices are going up but in flexible segment. for the last 50 years apartment housing, service housing, various you know, short-term accomodations in various shapes and forms two to three times more expensive than local apartment prices. june homes is decreasing short term rental prices by working with small and mom pop landlords than multimillion-dollar real estate conglomerates. that allows us to find cheaper supply and find apartments and potential apartments, apartments that don't require up grades,

renovations improvement. we built an algorithm that finds apartments. that are in slightly worse form than other apartments, cheaper than other apartments. work them with landlords. 2 hours, put them back on the market. stuart: daniel, you are immigrant appears to be the living the american dream. congratulations young man. see you again. >> thank you, sir. stuart: look at this i will show you a wild scene from, of all places australia. during a protest about vaccine mandates. that kind of violence broke out. could this happen here? we'll ask pete hegseth. he is on the show in a few minutes. university of pennsylvania warning students, call the classmates by the preferred pronoun or face potential discipline reaction t has come to this. we have got details if you really want them after this. ♪.

that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! 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.

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all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. ♪. stuart: that is the mile-high city itself, denver, colorado. it will get up to 84 degrees there later on today. a school district in vermont

voted on whether or not to keep flying a black lives matter flag on campus. take me through the story. lauren: they had a meeting this week they voted 6-3 to continue to fly the flag, blm flag. the meeting got very heated. all who protest publicly who made the statements were parents. supporters send the right message to black and brown kids. opponents said you're teaching our children that black lives are better, very heated meeting. stuart: they keep the flag. lauren: they keep the flag. stuart: university, where is it, i think it is, can't remember where its, warning students can face discipline reaction if they don't use classmates preferred pronounce. take me through that one. lauren: pennsylvania university called point park. this is what they emailed the incoming class, misgenderring, continued misuse of gender proannounce could be violation of the discrimination and

harrassment. action could be taken if a complaint is filed. this is intent versus impact. very hard to prove both of those. fox news digital reached out. how will you enforce this. haven't heard back from the school. we're hearing from students. one student said that policy goes against her belief in two sexes a man and a woman. and another said, look, you're going to like this, the college is prioritizing feelings over rights. how you make someone feel these days. stuart: i feel pretty good because the dow industrials are now up 513 points. how does that grab you? lauren: no way you can enforce that policy. 2021. stuart: i have to move on. private and charter school enrollment is surging after the pandemic and the lockdowns. how many, what numbers are we talking about? lauren: charter school enrollment up 7% in the past year, by 240,000 students, as 1.4 million kids pulled from public schools in every single

state. parents voting with their feet about the pandemic and the curriculum. stuart: that was just a 7% increase in charter school enrollment? lauren: in the past year. stuart: not private school. lauren: just charter. stuart: still a nice gain. students at a school in washington state told to wear masks at all times. no exception. lauren: except chewing food. stuart: kidding? lauren: i can prove it. this school district, the school outside of seattle, fox's jason rantz brings us this story. the principal said this, we all wear masks in the cafeteria. we practice spreading children out during meals. lowering the mask to take a bite or drink raising it again. i have scared to kids. stuart: scaring them to death. lauren: lunchtime is one break they get. if you are nervous, put them outside on towels and thee to six feet part. parents complained about. this this is absolutely ridiculous. how do you train a child to go

up and down based on their mask when eating? the school district heard complaints. they will not enforce the policy. stuart: ridiculous. don't get me started. i have to move on, lauren, okay with you? pete hegseth coming up along with florida senator rick scott and lara logan and more. there is this. president biden needs all the support he can get to push through the socialist agenda. he is losing people that put him in the white house in the first place. that is the independents. that is the subject of "my take" and it is next. ♪

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>> reporter: i'm not inclined to stand up today alongside you and protect these corporations that have the past two years undercut not just capitalism but in general the american culture and fs that led to prosperity. >> any time you turn on the tv on america you are seeing in living color the incompetence of the biden administration, the president is very frustrated, almost begging for

any number he could report. republicans want to make that number 0 and this is government run socialism. >> we grind higher, the direction is higher, too much cash in the sidelines for selloffs or massive corrections. >> i never relaxed but i think the market drew a line in the sand the last couple days. stick with what is working. ♪♪ stuart: it is 11:00 eastern time thursday morning, looking at the market. the dow is up 500. the nasdaq up 154. all those indicators are positive, we have gotten rid of the losses in the early part of

the week in positive territory. every one of the majors big time. we have breaking news that may account for the dow gains. majority leader schumer says house, senate and white house have agreed on a framework to pay for the $3.5 trillion bill. don't think they have been released, they have a framework on how to pay for it. and now this. when the president needs maximum support for his socialist agenda he's losing support of people who put him in the white house in the first place, losing the independents. gallup show their approval rating down 37%, disappointed

voters, his approval number falling to 43%. let's not carried away by polls, but the president and the democrats cannot afford to ignore them either. those who are asked to support his socialist plan are looking forward to next year's elections, they will not be happy to see independent voters walking away. it would help if the president took responsibility for the afghan humiliation was he ignored the military and insisted on the catastrophic and rushed exit. it would help if he took response ability for the open border and admitted we lost control. he should come clean about the economy as well, shaky statement from him, quote, real sustained economic growth is something we haven't realized in this country for decades. he is forgetting the tax cutting reagan years in the taxcutting trump years and does he think trillions in tax hikes

and social spending will give us sustained economic growth. what a stretch that is was he's trying to push socialism with a tiny majority in the house and 50/50 split in the senate. he's not going to get it if he keeps losing independence. he won't get it back if he's not clean on what socialism would do to all of us. the third hour of varney getting started. ♪♪ stuart: i want to see pete hegseth. the democrats in real trouble here? >> they are. people who voted for president biden would have done so because they didn't want the mean tweets or return to the norm, they thought he would bring unity and all he has done

is bring division, instead of bringing norms he's brought chaos and instead of doing things in a centrist way it is all with the far left so sensible people who might be inclined to go in either direction, crime is up, the border is gone, inflation is up, every - covid is not under control, afghanistan was a colossal disaster, we are soft on china and this is and what i signed off for. i was tired because i didn't like the mean tweets or dust clouds of the fake stuff put around trump like russian collusion, they are going to come back and return to first principles and say these democrats are gone, so far left they are not in touch with my values and that is what you see in polling. stuart: do you think it would help the president if he got one new entitlement program

like free pre-k, would that help him in 2022? >> the news alert of schumer and pelosi, we had biden bill down there, 15,000 haitians, all they care about is getting rid of the news story and focus on the $3.5 trillion bill. if you read the political news letters, and $3.5 trillion bill. they believe the only path, with a major entitlement you can wave in front of voters, pre-k, they are not worried how to pay for it. that is their best shot. stuart: protests in australia

turning violent. these are protests against vaccine mandates. it got violent in australia, could that happen here? >> i pray it doesn't. you are mandating vaccines for every individual around the construction industry, 15% of the cases in the country are happening at construction sites and they are putting a 2-week pause, and agitators dressed up as - saying to the government i should be allowed to work when i want to work in a profession, going 5 kilometers from the home, in absolute lockdown, they stamp out the virus, you are not going to, they are crushing livelihoods and people

are rising up and right now because most things are not mandatory you are not seeing that the politicians could push past that rubicon, people cherish their freedom and what goes in their body. stuart: i'm going to play a brief clip from a fox nation special it has just become available. modern warriors, law enforcement edition. watch this. >> last year approximately 58,000 american law enforcement officers were assaulted in the line of duty, they were shot, stabbed, beaten, and with briggs and many of those became disabling injuries. >> how they believe it is going to be difficult. when you get a sense how bad it is, how special law enforcement officers are, that is what it

is like. congratulations on your new primetime show on foxbusiness rocking it, the readings were gangbusters, stuart varney. stuart: flattery is the mother's milk of television. you are all right and see you again soon. let's get back to that breaking news, senator schumer, house, senate and white house have agreed on a framework to pay for the $3.5 trillion bill. liz mcdonald, how are you, haven't seen you in a long time. >> congratulations on your new show, i don't 20 to the mother's milk quote again. the framework agreement on how

to pay for the $3.5 trillion bill. what does that mean? they will figure out who is going to be taxed? is that it? liz: that is it. common sense has left the building, the tax policy center which is left-leaning says already that middle-class taxpayers, 75% will be paying for this bill. 100%, the joint committee on taxation is putting out reports that lower income workers, 40,000, 50,000 will see tax bills go up. we keep talking house budget senate finance members who keep saying democrats have not fully read the bill. we don't know what is in it. they have no more common sense, this bill feel like the circus ferris wheel has broken off and is careening toward the ocean. we don't know what they are going to jammin at the eleventh hour with the christmas tree

ornament spending. i have been reading into it, read it more than nancy pelosi and chuck schumer have and it doesn't look good. they are trying to add the equivalent of italy and france spending on the back of the taxpayer, $5 trillion in the progressives are saying if you don't do our $3.5 trillion social spend first we will torpedo infrastructure. this is a battle royale. civil war inside the democrat party right now. stuart: i hope the socialists fail. i am very strong on this. i don't want to socialism here. it was too short. we need more from you. we will get you back. see you soon. we will watch you tonight, the evening at it with you elizabeth mcdonald 6:00 pm weeknights on foxbusiness.

lauren is looking at companies that will report after the bell today. my favorite is costco. >> revenue rise 15%, $61 billion. watch for the impact of shortages, hire worker wages, seeing complaints that shelves are empty because they don't have people to fill them. it could be an opportunity for investors to take classes because stock is up 20%. stuart: another big one is nike, they are out today. lauren: all about vietnam where they make half of their sneakers and those factories have been closed. watch for anything they say about product shortages because of that and the holiday season. a significant risk of cancellation beginning around christmas and lasting until next spring. basically two month of no unit production. stuart: scholastic, famous for children's books. they came out this afternoon. lauren: watch how they pivot to digital.

stuart: the big red dog. i remember reading that my kids a long time ago. lauren: i haven't read it. maybe we will do that tonight. stuart: what is this about skiing? it is that? lauren: huge demand. how did they do in the spring, they expect to report 121% increase in revenue for loss. stuart: get some snow back on the slopes. look at this. i will show you the ceo of uber writing the new york city subway, such long wait times and search prices for his cars just like the rest of us. there he is on the subway. lara logan will be here, she said the crisis on the border could lead to, quote, a virus bomb. she will ask lena. majority leader schumer blaming republicans for problems with the spending plan. watch this. >> you want to avoid a default,

republican colleagues? vote yes. you want to avoid a government shutdown? vote yes. stuart: i wonder what senator rick scott will say about that. he is on the show next. ♪♪ ♪♪ ♪♪ 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?

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advanced chips for the connected cars people are building and, by the way, electric cars use more chips than conventional cars. stuart: daniel jurgen says the average you new car uses 1000 chips. ashley webster joins us this morning. what is the white house going to do about this long-running chip problem? ashley: they will talk about it. the director of the white house national economic council will meet with top executives at the white house together information on the chip supply crisis and potential solutions. reps from the big 3 automakers will be there as well as apple, microsoft, samsung and others including until. the administration says it will look at ways to keep semiconductor manufacturing facilities up and running, not sure how but that is what they will look at. talking about the auto industry the chip price putting a huge

dent in profits with the automakers. one report estimates the industry could lose $210 billion in revenue globally, nearly double the forecast from earlier this year. not just lack of chips but high prices and tight supplies of commodities like steel and plastic resin driving up costs and forcing automakers to stamp out production. automakers on track to lose production of 7.7 million vehicles this year and in the us inventories are around the 20 day supply, less than half what it would normally be so the auto sector getting hit hard. stuart: thanks very much. protesters in miami gathered outside their local ice office, blocked traffic, they want to end to the deportation of haitian migrants coming across the southern border. senator rick scott, republican from florida is with us now.

i haitians from the border being flown into florida? do you know they are coming and do you have to take care of them? >> your heart goes out when you look at what is going on at the border, your heart goes out to haitians and anybody trying to come into this country. i'm from an immigration state, we have a lot of immigration affordable we have illegal immigration so president biden, an unbelievable tragedy on the border, we had secretary mayorkas saying he has taken conditions at the border back to haiti. i'm getting conflicting information but florida is a welcoming state but we want legal immigration. we what are they telling you before they take migrants into your cities? do they tell you they are coming? they don't? >> when i was governor they would say they would send refugees in and i would say you will give us information and tell us what you've done and they would tell me you have no

right to that information is governor, your law enforcement has no right to that information and just shut up, that is what they told me is governor and the same appear. this place is a black hole, the victor branch think they can run and do whatever they want, they come to these hearings and savings that have nothing to do with reality and you get tired of it. stuart: i want to talk about shutting down the government in this photo over ending the debt ceiling or raising the debt ceiling. are you prepared to shutdown the government? >> if democrats shutdown the government it is a despicable act by the democrats. they don't need a republican vote. chuck schumer never calls me to ask about his spending plans. he says what do you think, your from the third-biggest state, he has never done that but when he doesn't want to take the tough vote to deal with the debt ceiling he would love us to vote with him. the reason they want our vote is to spend the debt ceiling, they don't want to have a vote

on the amount, the democrats can do this by themselves but they have to say how much they will raise the debt. there plan is to raise the debt to $45 trillion. we have seen significant inflation. all the democrats say is you got to raise the debt ceiling, you can balance the budget. they have 0 interest in balancing the budget, any structural reform they have no interest, they want to spend money, cause more inflation, heard the poorest families in the country. stuart: an issue we brought to the floor yesterday. house democrats stripped money from his relapse iron dome, from the funding bill. democrats produced a separate piece of legislation to fund it but the squad has vocally opposed this. i am appalled at this. the iron dome is the world's most effective missile defense system. we are helping to develop it. we can use it ourselves but because it is is real these people won't put their money in and that is despicable.

>>, shooting those rockets in israel, simple resolution to pass unanimously when this was happening, israel has a right to defend itself, hamas is a terrorist organization, not one democrat blocked, democrats have become anti-israel, do not support the iron dome, you can't make this up. stuart: senator rick scott from florida. thank you. there is a new leader we are told among republican contenders for 2024, who is it? ashley: former vice president mike pence holds a double-digit

lead over florida governor ron desantis according to a survey from harvard university and the harris poll. the survey of 490 registered republicans puts pence at 32%, desantis at 20%, ted cruz finished third at 14% but that is without donald trump in the picture. what if mister trump runs? different story, fall so he has a commanding lead with 58% compared to pence at 13%, desantis 9, nikki haley, marco rubio tying for fourth place with 3% each and on a separate issue according to the bookies president biden's odds to re-sign during his first term has gone up from 17% to 25% problems - probably won't happen but an interesting side note. stuart: you can bet on anything these days. look at target, stock price, it'll changed, up a couple books. they are expecting their employees collectively to work

a total of 5 million additional hours this holiday season. that is hard work. still looking to hire 100,000 more seasonal employees. lots of work at target. show me macy's holding a nationwide hiring event today, they want 76,000 new workers for holiday and permanent positions, the macy's is up 4%. how about barstool guy, dave portnoy, he's famous for his pizza reviews. >> when you think new york pizza, what is this? this is a nice pizza as soon as you can possibly get it. stuart: at least he's not eating with a knife and fork as one new jersey politician did. portnoy is launching a restaurant of his own which we will tell you about.

president biden the socialist, president biden said i am a capitalist, not a socialist. those statements are false, so says dan heninger who wrote that article, dan joins us next. ♪♪ that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. if i could, i'd ten-x everything. like a coffee run... don't just sell it. ten-x it. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.

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stuart: that is philadelphia, this is the knife one. lauren: elton john is fantastic too. stuart: nasdaq is 134 looking at netflix. >> are you excited? remember that? in the sql on the end of this year. it is up today along with the rest of the high-tech sectors

so we are back in rally mode. joe exotic his back. the rest of the technology sector in rally mode, it is up and down and we have recovered all the losses on monday and then some heading into friday. stuart: should have bought the dip. i haven't got the courage to do it. i think our guests are saying by the dip. sales force, what is the story? >> salesforce is up 5%, they are predicting $26 billion in sales in 2023 of the slack acquisition is paying off. stuart: you call them value plays. i call them jpmorgan, boeing and anything else you put on screen.

>> it was broad rally mode and every sector is up today. you want tech or value which moves in polar opposites depending where the treasury yields are. a high tide lifts all boats. stuart: the depths of despair on monday afternoon down, thursday morning rolls around. >> that says you are correct. i want to show everybody a headline. biden has said i am a capitalist, not a socialist. both statements are false. i like the sound of that. this is dan heninger's wall street column. you are calling the president a socialist. make your case. >> he's making the case for me.

most people get tired of listening to president biden but you have to listen to president biden, i have been doing it. last thursday he gave a speech defending his billback better plan. i thought it was a significant statement, repudiation of the economic system we have. he said we have not had sustained economic growth in the country for decades, including the presidencies of bill clinton and barack obama. he went on to say go back 40 years and we've not had decent growth and over that 40 years corporations have given up on their workers. the track 40 years, the don of the reagan presidency, the don of tax rates on capital gains and deregulation, often at the

time called doing that to work, save, and invest, a 3 word description of capitalism. president biden denounced the reagan economic policies calling them trickle-down economics and says he has a new definition for the american economy and when you listen to it comes down to three things and people create, his word, the state will create new jobs and new industries, most in the green sector, electric vehicles, solar panels, retrofitting buildings, then he is going to intervene, the state will intervene in other industries for elder care, child care and the like. finally, he says they are going to illuminate certain industries mostly carbon intensive industries involved in production of oil and natural gas. socialism is defined, state

control, means of production and it sounds like it to me. that is where he is now. stuart: thanks very much. i will read that column in full. i will put uber and lift on the screen, the labor shortage is driving up prices, and wait times across the country. how much more am i paying compared to before the pandemic? >> 60%, in the downtown area, cost $41 in march of 2020, the same triple cost $67.

uber and lift blaming a driver shortage on higher prices and they are working to solve the problem. uber created $250 million drivers to me was funds to pay them more but we just confirmed that money has run out, prices are still high. we think if uber and lift are costing more that is an opportunity for taxis to come into the occasion. that is filled with taxis in downtown chicago. this chart is dealing with the driver shortage as well. they've not come back in the same numbers, before the pandemic. uber's ceo spot on the new york subway system, the wait time was too long for uber or too expensive. stuart: that is a good, good

end. see you soon. we are waiting for supposed brands to make their debut on the nasdaq. michelangelo trades, the ceo and founder will be because momentarily. it is the thursday trivia question, what is the most watched video on youtube? we give you the answer when we come back. thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant?

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stuart: what is the most watched video on youtube? the answer is baby shark, that video has 9.3 billion views. barstool sports guy dave

portnoy is opening his own restaurant. tell me more. ashley: the aspiring low goal, save your small businesses turning his influential i to a number of projects including a new frozen pizza line after announcing a deal with walmart. that is not all. jumping onto the virtual ghost kitchen trend arranging independent restaurants and a partnership with planet hollywood founder robert pearl to launch a virtual restaurant concept built around the barstool brand, barstool bikes will debut next month, planning to offer 14 inch sandwiches, super spicy chicken wings, dips, buckets of flavored popcorn, plans call for physical restaurants and barstool food trucks, no stopping this guy and he gives his own frozen pizza line a 10

out of 10. stuart: he's a very good businessman. i will give him that. lots of energy on tv as well. the food company sovost brands joined me now. you have birch benders, michelangelos, those are your brands, what do you do with the brands? >> nice to meet you. exciting day, thrilled to be here today but what we are doing is growing those brands the same way we have in the past, fastest growing food company in the without performing our categories, naming those brand, these are brands that are cake superior, strong consumer affinity, high-quality ingredients, clear label and the beauty, those are the brand consumers are flocking to. the smaller brands growing at

the expense of larger brands and we are building unique portfolio of these one of a kind brand accelerating like capabilities and pleased at what we deliver to date. stuart: some of the money you are raising today, will use it to acquire more brands? >> primary purpose is to pay down debt but also provides the balance sheet and wider lens in aperture to make more acquisitions going forward. stuart: i was reading through your stuff and came across of that would intrigue me. you moved from california to colorado. are you part of the great tax exodus from the formerly golden state? >> we are thrilled to have our headquarters in louisville, colorado. we make great tasting yogurt. stuart: are you a tax exile? >> know. we are thrilled, we have

locations in california, colorado, montclair, new jersey, austin, texas. we are located in one of the great state of the united states. stuart: good luck with today's ipo. you've not started the first trade yet but we wish the best of luck. >> thank you, great to be here. stuart: back to the market, the dow 30, every single one of them is up and that is why the dow jones average is a 523 points. the department of homeland security confirms migrants are being released into america. they won't tell us how many. ♪♪ looking at me ♪♪ out in the rain ♪♪ to shame that dog ♪♪ turning me on ♪♪ turning me on

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stuart: border patrol agents working to clear out migrants while bill is there, there were 15,000 under the bridge. how many are left? >> as of now the last number we

got was 3800 migrants under this bridge. 1400 migrants have been expelled to haiti out of the initial 15,000. a live look at the current look of the camp. it is sending out one fifth the signs it was on saturday when a what is the climax of 15,000. people still have their makeshift structures. those structures are coming down. part of the camp have been cleared out. the they are processing this is last as they can. the foxtrot overnight, the climax of 15,000 saturday, patches of the ground where they clear the camp out, as

fast as they can. they are doing mass releases a family unit and pregnant women. only 1400 people out of 15,000 have been deported. the narrative that has been pushed, people say they were whipping these migrants, that is not true, they don't have wits, they have split rains. they got a lot of flak, they bounce around when they are riding. they are incredibly frustrated, they have been sidelined, reassigned while the investigation plays out, they turn on the lights and that is leaving specialized agents no longer able to patrol the border. former ice director tom homan had a lot to say. >> the officer did what he was trained to do. the same way horse patrol in new york city just crowd control. this agent was put on a beach, looking at losing his job

because democrats are saying he's whipping black men. >> reporter: later this afternoon reverend out sharpton is expected to arrive in del rio. he says he's going to take a look at the treatment of the haitian migrants under this bridge and investigate claims of abuse by horseback agents. he's expected to have a press conference out here at 12:30 local time. back to you. stuart: thanks very much. the expression virus bomb has been used to describe the border crisis. lara logan used that expression. virus bomb. that could be the result of this border crisis. explain it please, what are we talking about? >> this comes from intelligence agents and bio weapon specialists. this is an old term, this isn't something new.

it is very common in a sense. what it means is the humans that are carrying this virus you distribute that virus by using them as human virus bombs and the reason this has come up is there are people who have been studying the movement of migrants across the us. that is difficult because the biden administration has gone out of its way to hide them from the american people. they have been using planes the tonight, they have been using c 130 from the coast guard on land, and they have been doing it without telling anybody what they are doing and no oversight and the media not doing its job and holding them accountable for that. there are groups that have been trying to map those movements and at the same time mapping the spike in covid cases and what they've seen is in these areas where you have a large number of illegal immigrants being resettled have a minimum

in covid cases there. this again is not new. it happened a couple years ago with a variant of polio caused by the vaccine. does that sound to your? 95% of current cases of covid are the delta variant which is a mutation doctors agree and the cdc has been caused in part by the vaccines and the virus mutating. we are vaccinating people for the a variant of the virus which is like taking as one doctor said taking the flu jab from 2017 and using it against people who have the current flu virus. it is as useless as that which is why so many people who are vaccinated now have covid and are testing positive. when you look at illegal immigrants or immigration in

general, and just like they were going to say and accused border patrol agent of racism, to hold back those rains for decades, have nothing to do with racism. when you talk about illegal immigrants carrying the vaccine, people who are in charge today know what they are doing, when you move large numbers of people you move what moves with them. this variant of polio from the vaccine, and plenty of paperwork and the paper trail, they don't have to take my word for it. my concern is everything is about control and money and has nothing to do with the illness itself because if you really cared you wouldn't be spreading it all over the country putting a strain on health

professionals in the right places. stuart: always good. appreciate that. back to the market. nice rally going on. nasdaq is up 150 and the s&p close to 60 points. that wipes out all the losses we took earlier in the week. ever grand hit us hard on monday down 600 points, dropped more on tuesday but now full recovery, a full bounce back all the way back to 34,000 on the dow industrials. that is it for me. neil cavuto will join us next.

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