we can check in on it anytime. it changes when our goals change. planning can't be that easy. actually, it can be, carl. look forward to planning with schwab. schwab! ♪♪ jillian: thanks to lose peak and steve forbes. here is djokhar tsarnaev, take it away. >> good morning, everyone. i was checking the markets at 4:30 had noticed sudden and dramatic action in the cryptos all down big time. china has cracked down on cryptos. people's bank of china says clamping down on, quote, virtual currency speculation

and related financial this behavior, activity, after yesterday's strong rally, the dow is up 500 yesterday, down 160, but nike is falling out of the bed and that is taking 50 points or more off the dow industrials, nasdaq down 118. revealed on the 10 year treasury moving to one.43%. confusion on boosters. the fda said keep them for over 65s and people who were vulnerable and a few hours later the cdc says no, given to younger workers too, hard to follow the science when the scientists disagree. we are looking at a dramatic split among democrats and that is all about israel. under the influence of the squad, the house voted to kill the iron done, the world's best

missile defense system developed by israel and america, rashida tlaib did not want israel to defend itself against terror attacks. after separate vote restored the funding. a distraught aoc burst into tears. i will end by quoting mark tyson writing in the washington post, quote, when you vote to let terrorists kill jews, that is anti-semitism. friday september 20 fourth 2021, "varney and company" is about to begin. ♪♪ i feel glorious glorious ♪♪ stuart: make no comment on the music because i don't recognize it. do you? lauren: i need a little more to

trigger my brain. stuart: i am starting in a white hearted manner and i shouldn't because the cryptos are all down down down, back to 41 and ethereum is below 3 grand. it seems china is outlying crypto. >> authorities virtually banning all crypto activity, mining, trading, all related activities including the oversee exchange that provide services in china, not only currencies themselves down but the ecosystem, coin base, they are sharply lower as well. stuart: bitcoin has gone 41 to 40,$000 per coin.

they are way down, and and and on one stage, that would be a correction. that correction is completely overruled, is that the fastest correction ever? >> if you blinked you misted and most of the bears playing chicken little for the majority of 2021 heading into 2021 because they are blaming the political state we have a big correction as well, this was about fundamentals, and domestic. i think it is over and it is a full's game to time the market, play the trajectories. we have been on record saying we have 10 years left in the 20 year bull market and it is in

am and flow market saying you better get back into the flow in terms of being more cyclical and higher-quality cyclical and that will lead for the next few years. stuart: we had a rally in the market since march of 2008 into briefly last year by the pandemic and it is straight up 12, 13 years and is going on another ten years. if you are right, we have never seen anything like this before. >> this is one for the history books of millennials when they have children are going to read books then it will be in there and they will have these fancy white papers trying to figure out why sentiment was so negative and we have been climbing, running the wall of worry, nobody believes that yet, valuations will have to go higher before anyone really has

strong argument the markets inflated. we are too focused on crypto or means or specs. the market itself is a high-quality market, the us stock market, north america in particular, great place to be especially for the next 3 or 5 years. stuart: fascinating and so far you have been right. always come and see us again soon. take a look at alexandria ocasio cortez. she had to be consoled, i think she was in tears, after the house past funding for israel's iron dome missile defense system. do you think speaker pelosi will do anything with the israel haters in her party? >> not at all. and the aoc's of the world. and she's crying over, families

not dying, what kind of insanity is this to say we won't of the iron dome to stop terrorist missile landing in israel. they will support a system, the give them protection to shoot down missiles to protect children. don't care what your nationality is, protecting kids into the thing. stuart: the democrat party has a problem with anti-semitism. i will move on. vice president harris is going to be on the view in a couple of hours, that is the one positive environment where she gets a nice welcome. >> a bunch of liberal ladies having a conversation about liberal policies, any project the president has given her specifically the border she has failed on, has a horrible record but at the view they will applaud her. stuart: i direct they might turn on her because of what happened on the border with the

horseback riding guys corralling haitians was maybe there will be pushed back on that even from the view. >> she will go of course we shouldn't have border patrol on horseback with whips which were actually rains, we will stop this ever happening again. she will join them in the chorus in bashing border patrol which is trying to do their job, and the border patrol - >> and china is making all crypto trading illegal. >> 40,000 the coin, 30,006 weeks ago, i'm still bullish. looking at 547 years ago.

if you look at a government that debases their currency with borrowing, spending and printing, where are you going to go. there is no place to preserve wealth with the dollar because of horrible monetary policy looking at other digital assets. they can't seize it from you. liberals, progressives, socialists, communists, taxi to different seize your assets. unless they put a gun to your head and give me your keys they can't get your bitcoin. stuart: i will try to remember that. >> let's hold hands and buy a little crypto. stuart: you will be back no matter what you say. thanks for being here in the first place. let's get back to the house budget committee, it will take up and discuss the democrats $3 trillion social spending bill. when do they do this? >> tomorrow afternoon.

monday is the deadline for bipartisan infrastructure build. they will markup the bill with the monday deadline to vote on the $1 trillion road and bridge infrastructure bill. progressives will sign off on that if the $3 trillion social spending bill is approved first. continued in fighting the party not just over the price tag but also the policy. someone has got to give, don't know which side but they have to figure out what else they are doing and make it work with republicans. stuart: working on the weekends, must be serious. i show you the vaccinemakers who are all down this morning, the cdc endorsed. shots for people over 65 and those at risk but director wilensky broke from that group saying younger workers should get the shot. so confusing. >> so many agencies and differences of opinion with the science so she says let the young workers in high-risk professions get their boosters

in this way you align with fda guidance. that aligns cdc with the fda so there is confusion around the purpose of this because the unvaccinated are the real concern. why worry about additional shot for people who are vaccinated? i think it hurts getting unvaccinated people vaccinated. stuart: it is confusing. >> the white house wanted to push everyone to get a booster shot at both agencies, the scope of who should get one. stuart: donald trump moving his headquarters back to mara lago and getting ready for two more rallies. does that signal a trump run in 2024? jen psaki deflect when asked about migrant women being released after claiming to be pregnant? >> i am not in charge of keeping the border secure. you guys are.

>> pregnant women are posing a big threat to the border? is that a big issue? stuart: more on that exchange coming up. now certain at the border tried to make a speech, drowned out by protesters claiming he's using the border to stoke racism. quick check of futures on the downside this friday morning and we will be back. ♪♪ 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.

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or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7 to help prevent threats. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity

to protect every device on it— 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: friday morning capping off a volatile week. we will be down at "the opening

bell" but that's not much of a decline. big tech companies, we have a rise on interest rates but that's not good for the big tech guys. all of them are down as of right now. facebook agreed to send an executive to testify before the senate. this follow the wall street journal's bombshell series on the facebook files. who is going to testify? i guarantee it is not the kerber. >> is someone none of us have heard of, the global head of safety at facebook. before the senate consumer protection arm, so she is going to go against lawmakers who are mad that facebook has information that their own studies show teenagers use their instagram service it is damaging to their mental health. what can you do about that?

if facebook knew that, you are selling a service. you have eyeballs on that service. don't know what they expect her or anyone else to say. stuart: what do they do about it? lauren: social media is addictive and could have farm a harmful effect on users but this one will be a tough one for me. stuart: tax them as a drug of some sort. i'm joking. mark marrhaney, what do you make of facebook? is this bad news for facebook's stock price in the future? >> absolutely. facebook has become an l are star, lightning rod stocks, the level of media skepticism, scrutiny, negative publicity is higher than i've seen for any specific company in a decade or two. it is a usable the level of skepticism and negative exposes in the wall street journal and new york times. it has gotten a little bit excessive. there is a lot of benefit to

social media in terms of keeping touch with friends and family. when we do our own survey work, far and away the most popular social media platform out there is facebook and instagram is number 2 so there's an issue over here, causing 10% protection in stock recently. it is down to a market multiple for something i think is a premium growth asset. i take the other side of this controversy but no question there is controversy. it doesn't let up anytime soon. stuart: you think facebook can recover down 10% in the last couple weeks. you think it recovers and goes back up again. what have you got to say about the other social networks? snap, twitter, pinterest, you like them as well? >> not all of them. twitter we have been skeptical of for a while, pinterest on the sidelines. i like snap, the single diminish second most innovative company i see in social media, the most innovative is

tick-tock. our survey shows that is gaining the most share and that the risk i focus on as an analyst on facebook. it is less public scrutiny because that waxes and wanes over time. the bigger issue is tick-tock is more popular with the younger demographic and that will impact instagram a license to graham aggressively innovates on a product like they do with instagram reals. stuart: why do you think millennials are younger people go for tick-tock? >> people love short form video. user generated content short form video that is personalized. there is as much content moderation with tick-tock as facebook. that is a hard thing to manage both technically and legalistic lead. ethically, etc.. those are hard calls.

that's the draw. it is quick, snackable, short form video. it is relatable and personalized and addictive. stuart: it is all of the above and you like snap and facebook. thank you very much, see you soon. have a look at twitter. it is down a fraction. they have rolled out a feature that lets users tip their favorite account. not sure i understand that but they will allow tips in bitcoin. go through it for me. lauren: you like excellent commentary, i will give you a tip. you don't have twitter but i was talking to you and put your payment profiling your twitter link in your bio and some people have that bio and get tipped by users. everybody can do this providing they are 18 years of age and not only do you send cash but bitcoin. stuart: i could set up a twitter account, write stuff out there, put in my payment

information and ask for contributions. i could do that? lauren: fox wouldn't let you. but think of comedians, that is a great example. they are struggling. that is a great way to pay money. stuart: pay per joke. lauren: the stuart varney tip jar. what would you do with your proceeds? stuart: i have no answer. by some more microsoft. why not? have a look at the cryptos again. we are going to show you that. crypto is way down, bitcoin back to 41. a new crackdown by china. futures, stock futures pointing to the red, down 150 on the dow, the nasdaq 112. "the opening bell" is next and we will take you there. ♪♪

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stuart: we will open in the red on the downside but not by much. cryptos all down, china cracking down.

matt hogan is with us. i want to talk about your new fund but tell me about china. seems like they have banned all crypto activity. surely that is a major blow to the crypto industry. >> i feel like it is groundhog day. this is the fifth or sixth time china has banned crypto. there's an old investing adage that when china bans something you should buy it. it man facebook, instagram, youtube, those were signals that they were societally important technology that allowed people to communicate. china doesn't want crypto because it gives people economic freedom. they want to survey a where people spend money. this is a blip and the market recovers. everyone knew that china didn't like crypto. this is the latest iteration of it. i bet we move past this relatively quickly. stuart: you've got what is called the world's first x bitcoin crypto index fund.

let's suppose that i buy into that fund. what am i buying? a lot of cryptos other than bitcoin? >> exactly right. you are buying the 9 next largest crypto assets, that starts with ethereum, goes on to things like solana. one of the biggest stories and crypto has been the market moving beyond bitcoin. you can move around the world instantaneously. we have a whole new world of nfts being built on assets like ethereum and solana designed for people who enter into the crypto market through bitcoin and wants to own the rest of this incredible technology, that is captured in this. stuart: it runs through the thousands.

how do you side which want to put into your fund and thousands will just disappear? >> they definitely are and that is important. it is a market cap weighted fund so it is the next 9 largest assets after bitcoin. these are the most important crypto assets with the most developer activity, the most liquidity and most users but we have a lot of screen out assets that have hidden risks. you won't find dogecoin. others are on the wrong side of where regulation is going and to be the 9 largest assets after bitcoin that institutional investors can feel comfortable owning. market cap weighted index but with some intelligence behind it to screen out those risks. stuart: glad to hear squeezing out dogecoin. i'm sure you're getting a lot of calls. is this a buying opportunity? you have to field those calls

and i wish you the best of luck. thank you for joining us. we have 20 seconds before we open the market. the background today is rising long-term interest rates, the 10 year treasury back to 143. a selloff in the cryptos after china crackdown and a big rally yesterday. here we are about to open the market after a nice rally thursday. we are looking at some red ink. see how much we get, away we go. the dow is up 100 points from the start. most of the dow 30 are in the red, we are down 102. a 12:45% down, 0.38%, stronger drop more than one%. the nasdaq composite up one%,

if the nasdaq is down like that you can bet big tech is down across the board. we have been talking about the every graham group, after the big selloff on monday. i want to know what is going on right now. >> $83 million interest payment on bonds overnight. they didn't meet the deadline so this will be considered a default if they don't pay the next 30 days so why should investors care? if they have exposure to china's market they can take a hit and it goes under the second largest properly developer, and the real estate market is 30% of gdp and only 18%, china after the state is double what it is if it goes under, takes along the entire global financial market. stuart: we have been talking

about china, the impact on crypto stock. >> targeting the bitcoin players and crypto players, even the ethereums and the actual minors. with the proxies crypto pricing. stuart: nike, the stock of the day is down. it is up 5.3% and that takes 60 points often dow industrials. the dow would be dead flat. they have a big supply problem. >> lowering their guidance, they have to factor in longer transit time, labor shortages,

so instead of growing double digits they only grow mid-single digits. where they make a lot of footwear in vietnam as well. stuart: they shut down. you have a list of upgrades and downgrades. >> we talked about the upgrades from wells fargo. jeffries is upgrading a lot of restaurant names. stuart: what is it going to do? >> that is a good upside. stuart: do i care about this? what does this say?

>> he was speaking at an italian tech event. that is a turnaround. the supply chain issues will be a great vulnerabilities by the end of this year. stuart: that is why you take everything with a pinch of salt because he's always trying to make a headline, loves being in the news. can you show me costco? they are up 2% but are they talking about a toilet paper shortage? >> they are limiting bottled water and cleaning supplies. costco, in the quarter, demand

for home furnishing, only selling 100,$000 plus. who says costco is a discount retailer? stuart: i will look at apple. >> i want to entice you. >> all 13 models are, the largest screen. with that - stuart: don't want me to have the phone turned off. and looks like preorders were strong or bust. 1000 bucks off and verizon and t-mobile will drive these sales. is there an upgrade when it comes to that?

not really. battery life and the camera system is incredible because you have cinematic mode to detect where you come in and out of focus. stuart: a beautiful design, that i really like. it feels good to hold that kind of thing. >> bionic in case you care. what phone is that? stuart: i'm not sure. i've got to do this. dow winners, are there any? they better be. we will show it to you top by mark at the top. jpmorgan as well, ibm on the list. s&p winners, show them to me. that -- can't read them. >> that are point energy. stuart: nasdaq winners. is there a big tech company.

and 6 minutes worth of business, we are down 28, 30 points. the 10 year treasury yield, one.44%, bitcoin, 41 grand and oriole, 7335, or your is up. strict punishments, executions, amputations. rick grenell, the border continues to overflow with migrants, vice president harris getting ready for an appearance on the view. they were from the group to this administration was are they going to press her? that was not susan's iphone 13.

we have friday feedback. still have time to comment, varney viewers@fox.com. ♪♪ seeing blood when you brush or floss can be a sign of early gum damage. new parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum seal tight.

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stuart: president biden is about to deliver remarks on covid. we see some green, flat s&p, nasdaq, florida's governor desantis cut salaries of school board members who defied the ban on mask mandates. >> they received 2 months of

back pay, after governor desantis withheld 48,$000, and that was against the executive order. stuart: ban those masks. took their salary away and biden says you are getting it back. so this story, the cdc removed the outline for rolling back covid protocols in schools. lauren: no offramp, doesn't mean we won't get one. about when kids can start to be in schools, are they pressured by the teachers union? parents want their kids in school.

will be forever? know. what is the plan you where you have staff and kids take masks off, we don't know. stuart: masks, vaccines, boosters. a school district in washington state, to defend critical race theory but at the same time are told to deny that they teach it. jason rand got this story it is with us now. >> the significant district south of seattle, denying it is taught in classrooms. also defended. we are not teaching of but we did it is an amazing thing. one of the documents given to staff members exclusively calls out, the document says the criticism comes from far right racist republicans who want to

stop racial progress, banning of teaching of racism or anything else, staff are told to reframe the conversation if a parent comes up, to take it away from race, focusing on less controversial issues, the language of critical race theory and use terms like equity and diversity, inclusion, cultural competency. it is true crt is not being taught in the classroom as far as crt-101 or academic concept of crt but it is a semantic game. not just in washington state but across the country, they use the crt lens to frame the lessons and goals of the district so when you look at the equity goals of any school district including red counties.

they approach race as a social construct, they believe institutions are oppressive and need to be dismantled but in a lot of cases they lower standards-based on race or punishing students who are white or asian for doing too and bringing them down to be equitable. stuart: you live in washington state. what is the general feeling about this kind of thing? for it or against? >> where seattle is located very much in favor and on the east side very much opposed. many other democratic states where you have those that oppose but they are outnumbered by folks in other cities. in seattle, they love the idea of critical race theory and don't run away from it. educators pretty far to the left with red districts like where they basically say we know what is best but we hide the details from the rubes in

the republican party. thinking systems that need to be dismantled. it seems too late because the indoctrination is happening which is why parents, make sure you are talking to your kids about what is taught in the classroom. stuart: in your lifetime do you expect to see a republican elected to statewide office in washington state? >> we have one in kim wyman who remains pretty popular but that is it. i don't expect we will have - a governor who will be a republican. best we can hope for is a moderate democrat as a governor and then we get a senator, smiley is running for senator and hope she wins but it will be a tough one.

stuart: join you again later. stuart: two issues for my california guy, steve hilton, why is california running out of water. why are they mandating vaccines for all students, laurie lightfoot wants to raise property taxes to pay for things like universal basic income. the ultimate of away. grady trimble has the report next. ♪♪ it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat.

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and put it on screen, stock price of brilliant earth open for trading, the ceo on the show. i press them hard on lab grown diamond. they are down another 3%. >> the population cares where diamonds are grown and the

environmental impact and the ceo told you it is not okay to say diamonds are girls best friend. they were founded in 2005, but a very present type of pc company and there is not a good alignment. stuart: did you enjoy the interview? >> i loved the end when they are from san francisco. that is where they are headquartered. let's do the finances. they had to downsize their ipo, opened at 13, we are not seeing a huge pop. stuart: they've done reasonably well after yesterday's stock. let's go to chicago where they raise property taxes, grady trimble is there. what do they spend the money on? what happened to the $2 billion

they received for covid relief? >> the mayor plans to spend that as well, $385 million from the american rescue plan to fill the massive budget shortfall. that on top of the $76.5 million property tax increase and that is a modest increase as far as chicago budgets go but taxpayers have questions once they look at the proposals in this budget. 5000 of the poorest households, the total price tag on that $38 million. >> propped up by federal aid, the funding dries up, they take those programs away from people who is relying on them or hike taxes. >> it calls for an increase,

for the past year and a half, for the last year and a half or so to defund the police, but as far as the balanced-budget goes it is balanced this time thanks to that windfall from the federal government but folks at the illinois policy institute say until the city gets a handle on it engine burden they will not be able to balance the budget and services keep going down his taxes go up. stuart: that is the pension problem that showed by our variety of states in america today. check those markets. it is friday morning. we've been open 25 minutes and are slightly lower except on the nasdaq where we are down 94 points. a drop of 2 thirds of one%. just ahead, tammy bruce, brandon judd, corey lewandowski, rick grinnell. we told you about the crypto crackdown, coming up, my take

on why china's president xi jinping must control absolutely everything. second hour of varney next. ♪♪ say that you love me ♪♪ go and hold me ♪♪ send that you love me ♪♪ say that you need me ♪♪ we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones let's partner for all of it. we did it again. verizon has been named america's most reliable network by rootmetrics. ... 5g right,

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stuart: i knew that, i knew that , you don't have to help me these days thank you very much. good morning, everyone. 10:00 eastern straight to money. oh, a nice gain now, for the dow industrials we're up 76 points not bad we were up 500 yesterday , 76 today. the nasdaq though still in the red, down about a half percentage point. let's have a look at big tech i imagine they're all still lower with one exception. facebook's up, alphabet is up but not by much. this is a red ink day for most of the technology companies. cryptos all in the red, big time , all of them after the chinese latest crackdown. here's a surprise to me. the yield on the 10 year treasury going up to 1.45%. earlier this week they were down in the low 130s. just in, i believe, i think we got the number, looking at lauren the number on new home sales not yet? lauren: still waiting. stuart: okay waiting for it new home sales essentially that number, obviously, important to the realtors but not as important as existing home

sales. we've got that number? lauren: the number is, the rate of 740,000 on a seasonally- adjusted basis, that was a bit stronger than expected for august, new sales compared to the month of july, it was an increase. stuart: 740,000? lauren: that's what i'm being told. stuart: is that the annual selling rate? lauren: yes. stuart: or annual selling rate lauren: seasonally adjusted annual selling rate, yes. stuart: okay, i'm not sure i'm in a position to judge whether it's up or down. lauren: it's a 1.5% increase from the revised july rate, which was revised to 729,000, but it is 24% below august 2020. o. lauren: there is price, new homes sold, last month, 390, 900 for the median price. it went up a little bit. stuart: yeah it did and sales are actually down over the year. new home sales down over the year. there's a supply problem that's what's doing it. lauren: well it's problems with

everything but inflation is just transitory. it's insane. stuart: all right, lauren thank you very much, got to move on now this. earlier this morning china, again, cracked down on cryptos. the people's bank of china said they'll clamp down on financial misbehavior, to maintain social order. all crypto activity banned. yesterday, beijing announced that the communist party members be organized boo clamp down on any protests by disgruntled evergrande investors sounds like vigilante's to me. before that china's clamped down on macau's gambling empire, youngsters only allowed three hours a week playing video games , education companies taken out, the communist did not like what they were teaching. jack mahr, alibaba had to be taken down a peg or two he's china's richest and most

powerful businessman. it is a long list of crackdowns that turned china into a truly totalitarian state. i think leader for life, xi-jinping is worried. he's nervous about china' pes huge real estate sector, riddled with debt and plenty of home buyers that might not get the homes they bought, the economy is slowing and that upsets the middle class who keep quiet about politics only if she keeps them prosperous an of course then there's covid. rolling lockdowns and substandard chinese-made vaccine s. that is not a happy population. this is why xi must control everything, and this is why so many on the market watchers who appear on this program, they suggest you don't put a dime into chinese stocks. second hour of "varney" just getting started.

i want to bring in david bronson on this one because david covers the market extensively and i wonder if he's got an opinion on investing in chinese stocks. yes or no, david? >> well we don't, for the very reasons you talk about, we're afraid to go to places that lack rule of law. i certainly agree that there's a crackdown on market freedoms in china, that's very concerning, but the whole time you were talking, stuart, i was thinking about how some of those things marginally, to a less degree, are happening in the united states too, so i'm not as concerned about what they're doing over there as i am us protecting our own free enterprise system, and, you know , you're right. they can crackdown on a whole system out there where we just sort of regulate it, but like what they've done to jack and we sort of demonize our big business leaders and entrepreneurs i'm more concerned with our own backyard so i'm sorry for my long answer, but no , we want to be in a place where there's freedom when it comes to equities and free

enterprise, growth investing, dividends, those things, but i'm really concerned that america stay on the right trajectory which is in our dna. stuart: got it. now, talk to me about chevron, because you like stocks where the dividend is strong and growing. you picked on chevron today. what's the dividend? what's the prospects? >> it's 5.5% in the stock right now is sitting on $100 so it's way off of its lows from covid, but still, 25-30% lower than highs, there's plenty of upside, the company is stronger, not weaker, than it was before covid , because there's less competition out there, and they kept the dividend going, all through covid, they've lowered expenses, they have more free cash flow, that dividend is going higher and so is chevron. stuart: leon dell basil, i'm not sure what they do but tell me what the dividend pays. >> it's also over a 5% dividend

it's an incredible company that originally had gone bankrupt out of the financial crisis, rebuilt and has just been a very strong company that is in the chemicals and plastics space, but see they're using natural gas liquids as kind of the foundation of what they're doing so it is a really powerful company in terms of making products that a lot of us know about but don't know they are involved in it; however, they are a great dividend grower, dividend payer, and i believe one of the most under rated companies in our portfolio. stuart: you got 20 seconds tell me the dividend yield on 3m. >> 3m right now is about 3.4%. they've grown the dividend for literally 100 years, it's one of those classic dividend payers. i only have 20 seconds, they make scotch tape and things like that, industrials, consumer products, 3m great dividend grower and it's down a little, so that's why we like buying on weakness. stuart: fascinating information

and we like it. david thank you very much, sir, see you again soon. now, let's get back to evergrande, missed their interest payment deadline. that's sounds like it's serious to me, lauren? lauren: there's an eerie silence right now about the $83 million interest payment that was missed, right? it does not mean that evergrande is in default, because they do have a 30 day grace period, but they're likely headed in that direction. what does china do about this because the methods they are sending by saying nothing and doing nothing is they don't care about their offshore creditors and honestly they probably don't. you have the pboc pumping cash into the system to stabilize things but still no comment, no comment on that company or a rescue plan for it and i do want to point out their golden week holiday is just in a few days, october 1-7. are they going to let things just simmer ahead of that? i don't know, but this is an ee rie silence is the best way to put it. stuart: it ain't over and xi wants full control.

all right i want to go to the white house, where president biden is now taking questions. let's listen in. >> the immigrant community, given that we saw at the border this week, have you failed in that promise and this is happening under your watch. do you take responsibility for the chaos that's unfolding? >> of course i take responsibility. i'm president but it's horrible to see , as you saw, to see people treated like they did , horses running over people being strapped, it's outrageous. i promise you those people will pay. they will be an investigation underway now and there will be consequences. there will be consequences. it's an embarrassment, it's beyond embarrassment. it's dangerous. it's wrong. it's sends the wrong message around the world, sends the wrong message at home. it's simply not who we are. thank you. peter alexander. reporter: mr. president, thank you. you came into office on a message of competence and unity. we've witnessed what's happened in the country over the course

of the last several months. we've seen the chaotic troop withdrawal from afghanistan, the threat of the government shutdown right now, and democrat s, members of your own party, are still divided over your agenda going forward so what do you say to americans who say that you have not delivered on that promise? >> remember i said it's going to take me a year to deliver everything i'm looking at here, that's number one. number two, um, take a look at what i inherited when i came into office. when i came into office, the state of affairs and where we were. we had 4 million people vaccinated, we had no plan, i mean i could go down the list, so part of it is dealing with things that were landed on my plate. i'm not complaining it's just a reality. it's a reality number one. number two, i think the part of what has to happen here, as well , for example, let's talk about my economic plan. the economic plan, and understandably, legitimately,

deciding polls. every element of my economic plan is overwhelmingly popular. overwhelmingly popular, but the problem is, with everything happening, not everybody knows what's in that plan. for example, all those women out there who are not able to go back to work because they have a dependent grandparent or parent or they have a dependent child who needs help or they can't find daycare, i mean, look at what's happening. well, there's a solution. there's a solution in the proposal that i've put forward, and the plans were now debating in the , among ourselves and are debated in congress, as the plan, the essence of the plan that i laid out at the beginning, and so i'm confident that at the end of the day, we're going to be able to get that done. second point i'd like to make. we talk about price tags. it is zero price tag on the debt

we're paying, we're going to pay for everything that we spend, so they say it's not, people, understandably, well, you know, it started off at 6 trillion, now it's 3.5 trillion, now is it going to be 2.9. it's going to be zero. zero, because in that plan, that i put forward, and i said from the outset, i said i'm running to change the dynamic of how the economy grows. i'm tired of trickle down. the trillion airs and billionaires are doing very very well. you all know it, you've all reported it, and in the middle of this crisis, the hard working people and middle class people are getting hurt, and so i provide for , for example, a tax cut. if you have a child, you get a refundable tax credit. its reduced hunger in america by 40% literally for children. you have the whole notion of being able to provide for daycare, for your children,

getting people back-to-school, et cetera. it's all paid for. it's all paid for , but a lot of these are flat tax cuts that exist within my proposal, and they're being calculated as if the cost of the child care tax credit is a cost to the government. it's no. it's reducing taxes. it's reducing taxes, not increasing taxes. now, part of the problem is, i'd hoped i hadn't planned on, although i kind of anticipated it might happen. i hadn't planned on the 178-mile top winds hurricanes going to louisiana and 20 inches of rain in new york and new jersey, and an area as big as the state of new jersey burning down in the west, and so what i'd hoped i'd be doing i did what i did in the campaign. i'd be out making the case about what my plan contained, and its been very much curtailed by a

whole range of things, and so i think that it's understandable. i think it's understandable. people being frustrated. i think they're frustrated as well by the fact that not just members of congress, democrats and republicans, frustrated by, you know, i thought this was going to be better. i thought everything was working out. we were moving along on covid-19 and now, we have all these people who refuse to get a shot and now, look at the people dying. large numbers of people dying, so i guess, i think it's a totally legitimate question, you've asked, but i think putting it into context here, it's going to take some time here, and i know i always kid you when you all ask me about, well, what about are you going to get a done, b done, c done? well i say you want to negotiate i mean, obviously here's the

deal. this is going to end up, i believe, we're going to end up getting both pieces of my economic legislation, the first piece, the 1.9, fundamentally changed the structure and the nature of the economy of this country. even though remember it got clob bered. it was this terrible thing, no republican voted for it and we got real economic growth. now, we're at this stalemate at the moment and we're going to have to get these two pieces of legislation passed. both need to be passed, and they will have a profound impact, according to not just joe biden, but according to wall street, according to the imf, according to international organizations, and so then i'm going to be having a meeting today with the quad, with the leader of india, japan, and australia, and

we're going to be talking about afghanistan, which is a legitimate thing for people to talk about, but the truth of the matter is, the end of the day is, we were spending $300 million a day for 20 years. there's no easy way to end that, and we're now still getting people out but it's really, there's no picture book way to say okay, where is the end, let's get everybody out, i want to go home. no war has ever ended that way, other than there's been a surrender and it's a totally different circumstance, so any way, there's a lot i'm sure, along the line, that there's things i could have done better but i make no apologies for my proposals, how i'm proceeding, and why, i think, by the end of the year, we're going to be in a very different place. reporter: to follow-up on covid if i can quickly. what do you say to americans who disregard the new cdc guidance and get a booster shot anyway? >> well, [laughter] i'm not sure how they get it,

but -- reporter: people go into stores right now and have got it without any high risk situation or underneath that age limit, it happens around the country as we speak. >> well i think what's going to happen is that you're going to see in the near term, you're going to open this up anyway, constant looking at both moderna and j & j and both as i said in the speech, and in addition to that, we're also looking to the time when we're going to be able to expand the booster shots, basically, across-the-board, so i would just say, i'd be better to wait your turn in line, you know, in line, wait your turn, and to get there. ken? reporter: thank you, mr. president. when you met with congressional leaders this week, you told them to try to find a number less than 3.5 trillion on the reconciliation package, that they could live with. what is that top line number in

your mind as you deliberate these considerations, and then separately, you mentioned how you're going to pay for some of these provisions. senator widen has a proposal on annual taxes on billionaires unrealized gains. is that a proposal that you support? >> yes, i do. look, i support a lot of these proposals. we don't need all of the things i support to pay for this but i do support that. look, if you file with a w-2 form, you know, the irs has access to your bank account and your bank tells you how much you made, what you have in there, and they estimate your tax. well, if you have no income, it's just, if you have no earned income, and it's all invested income, it's hard to figure out what the hell, excuse me, what the heck you have, and that's why we have to, and i know some people don't like this. that's why we have to rehire

some irs agents and not to do anything, not to try to make people pay something they don't know, just say hey, step up. step up and pay like everybody else does. look, i really mean this. i come from a corporate state of america, i just think it's about just paying your fair share for lord's sake. now, we can argue whether or not the corporate tax should go back up to 26.5% or 28 or 24, but the idea at 50? 50 major corporations in america , making some total of $40 billion pay zero? come on. come on. it's just wrong. it's just not fair, and i think it's beginning to sink through the ether a little bit here, so i think there clearly is enough from options to pay for whatever

it is that folks decide to pay for and let me finish by answering the initial part of your question, if i may. the way i look at it is, what i've been telling my colleagues, and it surprises them sometimes, in those room, and i don't know whether you heard, but both meetings went very well. i mean, it was, they were colleg ial. everybody is, you know, people were hanging out afterwards in the oval, and anyway, both the progressives as well as the moderates, and one of the things that i think is important, and i'm trying to get people to focus on, is what is it you like? what do you think, now forget a number. what do you think we should be doing? is it appropriate, in your view,

to cut taxes from working class people by providing for daycare, providing for early education, three and four years old. is it appropriate to do something about free community college or do you want, i'm telling you, what are your priorities? and several of them, when they go through their priorities, it adds up to a number higher than they said they were for because i think this is, we're getting down to the hard spot here. people are having now to go in and look in detail as to what it is specifically they're for. it's a little bit like when we went through, and i'll end with this. it's a little bit like when we went through the issue of the bipartisan deal on infrastructure. there were a lot of negotiations on that, and it wasn't until people were forced to look at,

what are you for? are you for taking care of that highway or bridge in your state or that region? are you for doing something about environmental degredation? are you for something that deals with allowing us to provide for moneys to states so that they can, in fact, deal with things like what happened in states where the major utility lines come down. what do you do to build those back better? to prevent that from happening? and it's sort of, there's, and you all speak to all these folks , so you speak to as many as i do. i find that they're going hmmmmm , i never really thought that through before. i think it makes sense, and that's how we finally got to a bipartisan deal on what is a serious infrastructure proposal that really does a number of things, including, including

things when people said i don't want to do anything in the environment. then they start thinking well wait a minute. i have all of these diesel buses at home. it be a hell of a lot better if we had electric buses and it would change the circumstances and boom boom boom. so, i think this is a process. that's why i said at the front end that although we got off to a very fast start with the first piece of legislation, i don't expect this to be done and us be in a position to say okay, did we get it done until basically the end is here. i don't mean the vote on the two pieces of legislation relating to the economy, it is just going to take sometime, and look, my guess is, we all come from similar backgrounds. remember we used to sit around the kitchen table all morning if you had a chance to do that or dinner at night with your mom and dad and your brothers and sisters, what did people talk about? they talked about, you know, are

we going to be able to pay the mortgage? at least in my house. i mean, what's going to happen if we have another one of those floods and it blows through here like it did in queens? what's going to happen? what are we going to do? by the way, i'm just not sure that i want my son or daughter to be going into school when so many people are not vaccinated. i mean, you know, you know, i'm not sure i want kenny to be there doing this , but these are practical things people are talking about, and they're looking down the road and they're looking at cost of living issues as well, so what's the cost of living issues? well, it's because we're in a position where the ability to have the product, the elements of the production of a product that in fact need to go into the production of that product

are hard to get a hold of, because people are in trouble, they're not able to produce them they're not able to get it, and it's like what we have with, and we're making progress, but like what we're doing with regard to making sure we have the computer chips to be able to keep in the vernacular, to build automobiles. i mean, i think everybody was kind of surprised when, i think if i'd said to you, i may be dead wrong, but if i'd said to you in say april, that i was getting all three major manufactures of american automobiles saying they are going to go electric, i doubt you thought that could be done. well we're out here on the back lawn, they've all of a sudden figured it out. they've had a bit of an epiphany and they realized oh, wait a minute, man. china's investing billions of dollars.

china's making battery technology, blah blah blah, and this is going to happen anyway. again, i'll just include, this is a process. it's going to be up and down. that's why i don't look at the polls. not a joke because it's going to go up and it's going to go down, it's going to go up and hopefully, at the end of the day , i'll be able to deliver on what i said i would do. one, bringing the country together on a few and very important things, like on infrastructure, getting us in a position where we can have some coherent policy relative to foreign policy agreement, moving us in a position where we're able to actually generate the kind of change in the dynamic of how we grow the economy. not eliminate the super wealthy,

not at all, but allow the working class and the middle class, to be able to build-out and up and that can be done and like i said, every time i hear, and i drive my staff crazy, every time i hear this is going to cost a,b,c, or d, the truth is based on the commitment that i made, it's going to cost nothing because we're going to raise the revenue. raise the revenue to pay for the things we're talking about, and we're going to give and right now, if you take a look at the reconciliation piece , a trillion dollars of that is tax cuts, not raising anybody's tax, it's tax cuts, people are paying less taxes, but the people paying less taxes are going to be working class folks, so put women back to work , put people in situations where they have, as i know you're tired of hearing me say it, but my dad' constantly said just give people a little

breathing room. a little breathing room. thank you, guys. >> [overlapping speakers] stuart: okay, that was a lot of issues discussed by the president in a q&a, it took just a couple questions from the media. he concluded with something was really astonishing. he said the cost of all the programs that he wants to start is zero. it's nothing. he will raise revenue, and part of that revenue raising is to seize the wealth of wealthy people. tammy bruce is with us. i haven't got time to go through the raft of all of the things he was on about but i would suggest that this is a rambling, un focused performance by the president, and this is why his handlers won't let him answer questions. i know you've only got a couple of minute, tammy, but have at it >> yes, it was a word salad. it was meaningless but he said some very important things, he

admitted that this $3.5 trillion tax and burn bill was not really about the economy. it was our infrastructure, it was more about reshaping the economy. that's what we've been saying all along. everybody calls it infrastructure bill. it is not. it's a trojan horse. i also want to say that when he talks about oh, we don't want to eliminate the super wealthy. oh, so that concept came up. the fact is, according to fox business, the top 1% already paid over 40% of taxes, the bottom 50% of income earners pays 3%, so i'm not quite sure how he thinks this is going to balance out when it comes to the super wealthy already paying for the most part more than their fair share, and of course, when he says oh, look what i inherited. he inherited the best economy in human history. he inherited a closed ordered border, and it is remarkable that he still blames others. this is everything they've touch ed has gone to hell because

they lie. they make things up. they don't know what they're doing it's about winning a new cycle. this statement was part of that. they don't know what they're doing and even in the things they're suggesting strangely enough are the worst possible things. it's a remarkable abandonment of reason and logic, and it's going to, the issue here, stuart, is whether or not they take a lighter to test this country on fire or a flame thrower that's the only debate. stuart: wow you're fired up and i don't blame you so was i after watching that performance. >> we should all be. stuart: we should indeed. we've got to go i know that but thanks for your contribution. what the president had to say had no impact on the market whatsoever, we're still just a tiny bit higher, 26 points up for the dow, nasdaq is down about 50, and the s&p is down just, i'm sorry it's up 1 point, dead flat s&p. now then, let's get on with this less than 3,000 migrants remain

under that bridge in del rio, texas that's where jeff paul is. jeff, there were 15,000 there a few days ago. what happened to the rest? where did they go? reporter: yeah, stuart what a difference, a few days make, incredible to think that just earlier in the week there were some 15,000 migrants camped out underneath this bridge here in del rio, texas, and now you can see its been reduced to just some pieces of trash out here right now, as crews work to sort of turn up this ground and clear out the makeshift tents and other personal belongings left behind from some 15,000 migrants that once were living out here, and a big part of the reason why you don't see these people is because they're being processed right now or moved out. we know as far as how the number s break down, roughly 2,000 have been deported back to haiti. another 3,900 have been moved from the camp. they are in u.s. custody and will likely be given a notice to appear and then released or

expelled under title 42 and then the other portion of that group we're told might have went back to mexico. as far as the physical camp is concerned, a lot of it has been bulldozed and cleaned out, yesterday there were still thousands of haitian migrants living here, and that's been reduced according to some of the sources out here to around 2,000 people. the other thing you have to take into account is that the bridge that connects mexico to the united states here in del rio, texas, has been closed for the last couple of days and that is a big part of the economy here in del rio, texas. you have a lot of people who live in mexico, come to the u.s. to work, or vice versa, and that bridge is closed right now and some businesses count on that commerce, that trade in between the two countries to sort of make a living, and we're told from some folks that that bridge could maybe reopen on monday, but the issue of what's happening is certainly not going

away anytime soon, and the folks here on the ground, whether they work for the state or they work for the federal government, they're bracing for what could be next, stuart. stuart: thanks very much indeed we hear you and appreciate you being here now jeff, moments ago , president biden continued to fuel the false narrative of border guard agents trying to control, some people said they were whipping the migrants, they were not, but the president advanced that narrative. watch this. >> do you take responsibility for the chaos that's unfolding? >> of course i take responsibility. i'm president, but it was horrible to see , as you saw, to see people treated like they did , horses running over people being strapped, it's outrageous. i promise you, those people will pay. they will be an investigation underway now and there will be consequences. stuart: i want to bring in brandon judd. he is the president of the national border patrol council, who must be just mad and fit to be tied if i'm not

mistaken, brandon, because the president said about border patrol agents, the horseback guys, those people will pay. i mean, what's your reaction? >> i'm beyond ticked off right now. why have an investigation? he's already made up his mind. he's already decided that they did wrong. i'm telling you right now, stuart, not one of those haitian s were hit with a strap. they are going to pull those straps, take the dna. they are going to find not one individual was hit. then he says they were running them over with the horses. those horses are trained to cut people off. they do not run directly at those people. this is no pun intended this is horse crap. i mean, i can not even begin to tell you how upset i am right now that they have already made their conclusions without an investigation. that's politics. he is politicizing law enforcement this goes right along the narrative of defund the police. stuart: what do you think is going to be the reaction of the border patrol people? i know the civil servants they have to go to work but what must

they be thinking now? >> i wonder why i get up in the morning and put on a uniform i wonder why we go out there. we put that uniform on because we care about people. we want to protect people. we want to protect the united states. law enforcement officers throughout this country are extremely good people. they go out there and they serve every single day, but when you have a president, because of politics, is willing to attack his own agents, these are executive branch employees and he is attacking them and he's doing it wrongly, solely so that he can appease his base. it's wrong, and he should be held accountable. stuart: i want to show our audience this. i think it's important. al sharpton took a trip to the southern border. he was shouted down by protester s. roll tape. >> "you are racist, nobody wants you in texas."

>> i have a sign up sheet for you, just give them your address and where you hide your keys. stop pushing racism where it doesn't exist. stuart: i like that one. stop pushing racism where it doesn't exist. last word to you, brandon judd. >> americans are so sick and tired of people like alveda sharpton making law enforcement issues political. that's all they're doing to try to boost their celebrity and it's wrong and hurting this country and it's hurting the safety of our citizens. its got to stop. stuart: brandon a very timely appearance for you today and we thank you very much for it. we'll see you again real soon, that's a promise. >> thank you. stuart: okay, the fentanyl, seizures of fentanyl have risen dramatically, at the border. the attorney general of west virginia says the drug is devastating his state. he's suing the biden administration over fentanyl and the border. he joins me, next.

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stuart: gee, i wonder if president biden's comments about taxing the rich and seizing wealthy people's wealth, which he just made by the way, those comments, i wonder if that's affected the market, because we moved south dow is down 20, nasdaq is down 60. there are some movers, including the whole group of stocks known as the financials. not moving that much, what do you got? >> we did have it about 1.5% that was before -- stuart: oh, the president killed it. >> yeah because the treasury yield went up closer to 1.45 and as you know a lot of the consumer loans are pegged to where the 10 year treasury yield goes and a big mover is sales force, up again it finishes up 7% yesterday, because they said they are going to make $26 billion in sales next year, $31 billion in 2023, so we have piper upgrading it to an overweight saying it's at least 365.

stuart: at 281 they think it goes to 365? >> yeah, do the math, 40% up so this is a video a kid's video game maker launching listing parties and as you know, it has about 48.2 million users a lot being the younger generation so you can imagine the stickiness involved with the users going forward and i would call this wall street's favorite stock, thermofisher, has gone vertical the past few years authorizing a $3 billion stock buyback, goldman is saying it's a conviction buy worth 690 up 45 % the past year. stuart: thermofisher, what do they do? >> they provide software and lab testing equipment and if you have bot, it's a thermofisher, you could have had yourself a nice piece of beef last night. [laughter] stuart: all right, thanks very much susan good stuff. now this. seizures of fentanyl at the southern border have risen dramatically. the attorney general of west virginia is suing the administration because of fentanyl at the border. attorney general patrick morrise

y joins me now. sir, you say the flow of fentanyl has devastated your state. okay, got that, but on what grounds do you sue the administration? >> absolutely, so first of all, in west virginia, thank you for having me on today, in west virginia, we really feel the impact of biden's border disorder in the form of illicit drugs that cross over the border , make their way ultimately into west virginia and into the american heartlands and what we've seen even in the last six to eight months is a dramatic increase in fentanyl and illicit drugs coming into west virginia, and that's going to increase deaths and cast a very long shadow on the families of west virginia. now, what we saw, stuart, is that when this administration changed the immigration policies away from trump, when they moved away from remain in mexico, they actually didn't put anytime whatsoever and they did

not cite the need to attack drug trafficking in their document. that alone is inconsistent with the law because one of the goals of having a border patrol is to make sure that you're stopping illicit drugs from coming across the border, here into the united states, so we sued the homeland security department because we know they have to factor drug policy in. we think it's a straightforward pace, we're hopeful that the court is going to move on it very quickly, but make no mistake about it. all of what you're all seeing down at the border, eventually is going to be a lot of drug product that flows into the united states, and it will kill people. it's incredibly irresponsible what this president is doing. stuart: forgive me for being slightly skeptical but i'm skeptical of the pace at which the law can move to take care of your problem. i mean, the wheels of justice grind slowly. i mean, what can you realistically, expect? when can you get a decision, and

when are they going to finish with the appeals because there will be appeals up the wazoo. >> yeah, look we know that the biden administration doesn't care very much about the rule of law, so we recognize that we'll try to slow everything down and they don't seem to care about all the people streaming in to the u.s. , but here's the reality. we filed the lawsuit in august. we expect that sometime this fall, we may begin to hear back on the district court level, and we're hopeful that a lot of americans are going to see what's happening on the border and not only say, this is an immigration problem, but it's a massive drug problem as well, and those people are going to shout out to their representatives, their house members, their senators, their governors, and say this has to change and that biden could be forced either through the courts or through public opinion, to change this disastrous policy. stuart: i'm not being sarcastic, sir, but good luck with that. patrick morrisey, the attorney general of west virginia. your honor, thanks very much for

being with us, we do appreciate it. >> thanks so much, stuart. stuart: yes, sir, got it. now this. the rate at which americans are getting the jab, oh, its slowed down dramatically, by how much? lauren: so the seven day moving average is down to 272000 at the end of last week, that was the slowest rate since july. the reasons, about two-thirds of americans are at least partially vaccinated, but you know, these numbers and the slowing vaccination rate are earn can ning because we're going into the flu season and when you go into the flu season you have more people in the hospital and also is that the flu or is that covid? all this confusion, and in some states where the vaccination rates are very low they have high death rates a lot of people in the hospital, the medical staffs are strained. stuart: yup when i hear that you can still carry the virus, even after you've been vaccinated, and you could still give it to somebody else, when i hear about the confusion over mask wearing and vaccine mandates i think most people in this country are confused about how do i follow the science when the science is contradicting the scientists?

i mean, it's mass confusion which doesn't help. lauren: it doesn't help and then the mandates come in, well do i want to capacity my job, do i roll up my sleeve to keep my job , and a lot of people are just doing nothing right now. stuart: how many companies will really feel the hurt when their employees refuse to get the jab and you've got to fire them? lauren: there's worries right now that healthcare workers right here in new york, might not be showing up next week because they said hey, we were on the front lines in the beginning when there was no vaccine and we either did or did not get covid but either way we were there and now, your forcing us to get vaccinated. they might not show up. stuart: we did just hear from the president who blames the un vaccinated. lauren: for causing a lot of damage. stuart: for hurting the economy and people are dying so the president blames the un vaccinated. fair and square. lauren: that be accurate. stuart: that's another story. check of the market please the big board shows a loss now, just 22 points it's not that huge, the 10 year treasury yield

is at 1.45% now, going up, checking the price of gold, 17.48 per ounce, bitcoin after the latest chinese crackdown, back to $42,000 a coin, and oil 73.65 the highest since october 2018 how about that and the national average price for regular gas is still 3.19 but it's still up $1 from a year ago. and nat gas back above $5 watch out inflation if we get a cold winter. former president trump moving his political headquarters back to mar-a-lago, so does that mean he's going to run in 2024? i will ask former campaign manager corey lewandowski, next. next hour, i should say. president biden wants to raise taxes and make the rich pay their fair share, but a new government report says he was the one who dodged taxes. we'll tell you about that, too, next. >> ♪

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stuart: bon jovi from the earlier 1980s, my kids used to know all the words to their songs, now this , president biden just said that $3.5 trillion spending package will ensure that corporations pay their fair share. hillary vaughn on capitol hill, you've been digging into the plan, i believe, actually, millions of small businesses would really be hurt. tell me more. reporter: stuart that's exactly right and we still don't know what tax hikes are going to make it into the final package, or how high those taxes are going to be, but whatever they are right now, the ones that the house ways and means committee essentially passed out of their committee is spooking small businesses who say they are going to be hit hard, not just the rich and the incorporated. the biden administration and democrats in congress say that the little guy is not going to be squashed by higher taxes but the tax foundation says they are

doing the math all wrong. "when thinking how higher taxes would affect the economy, the relevant piece of information is not the number of people affected. it's the amount of economic activity, by focusing on the number of people, the biden administration is misleadingly claiming their tax proposals would have a small effect, and the actual stacey abrams test cuomos show more than half of pass through businesses could face tax increases. the u.s. chamber of commerce puts that number about 1.4 million small businesses, who employ 13 million americans, be hit hard by these higher corporate tax rates. the president of the national federation of in business says the impact will be devastating saying if these tax hikes and mandates go through the damage will be severe and long-lasting. the country may recover in time but countless small businesses will not live to see it. stuart? stuart: all right, hillary thank you very much indeed i've got another report on taxes. it's a new report and it says that president biden might owe a lot of money, in back taxes.

lauren how much are we talking about? lauren: from the new york post the number is $500,000, in back taxes. a report that he skirted payroll taxes that helped fund medicare and obamacare, so, what he and jill did was they routed $13 million through s-corp, and counted $800,000 of the 13 million as salary which wobble inable for the medicare tax so over $12 million was exempted from that 3.8% tax rate is that your fair share? stuart: where's the 13 million come from in the first place? i didn't know the man was getting $13 million worth of income. what did he write a book or something? lauren: then there's that but he ended his press conference with breathing room that everybody should have some breathing room to wiggle. he has a lot of breathing room. stuart: he created a lot for himself didn't he? lauren thanks very much indeed. big show, steve hilton, corey lewandowski, texas congressman tony gonzalez and then aoc, well she burst into tears after

the house approved funding for israel's iron dome. the missile defense system. they don't want israeli civilians to be protected from terror attacks. i've got something to say about that in my take which is coming up, next hour. >> ♪ big girls don't cry ♪ 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.

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>> to your point, aoc is crying over israeli children not dying. what insanity is this? don't care what your nationality is, protecting your kids is a good thing. >> we are too focused on crypto or memes, the market it self is a high-quality market. >> i am concerned america stay on the right trajectory which is in our dna. >> is groundhog day, the fifth or sixth time china has banned cryptos. an old investing at is that when china bands something you should buy it. ♪♪ looking at the white house,

moments from the president biden will meet with the prime minister of india, the dow is down 30, the nasdaq is down 76. the cryptos are way down, coming back a little bit. that is after the latest chinese crackdown. big tech a mixed picture mostly lower. microsoft, apple, amazon down, the rest of them up but only slightly. moment ago president biden slammed unvaccinated americans blaming them for putting the recovery at risk. role tape. >> president biden: i thought this was going to be better, that everything was working out, we were moving along on covid 19 and now we have all these people refuse to get a shot and look at the people

dying, large numbers of people dying. >> stuart: listen to me a second as i go through what else the president had to say. referring to those people, border guard to use horses to control the haitians he said those people will pay. it was awful what they did. he asked why the delay in your big spending plan and economic plan? we inherited a mess. there was no plan, he said, only 4 million vaccinated. that is flat-out wrong. he inherited the best-performing economy this country has seen a long time. those vaccines were starting to be used in january, and donald trump said he doesn't trust the vaccine from donald trump and went on to say $3 trillion

spending plan, the cost is 0, the rich are going to pay and how are the rich going to pay? the president is going to seize their wealth, this is unrealized capital gains with what you've got is money in that account whether to stocks, bonds or whatever it is they will assist the wealth of it and take a piece. whether you have made the profit or not they will take it. well caesar coming was a rambling, unfocused performance, that is my opinion. steve hilton is watching this. what is your judgment? >> i take what you said and multiply it by 100. what you see on every issue without exception is chaos and incompetence and every time it happens you have a president who seems psychologically incapable of taking responsibility. whatever the issue it is

somebody else's fault even though as we said what he inherited was a strong position. i had your list the border, donald trump put in place strong secure border, arrangements with mexico and all the other countries in the region to stop the kind of disaster and humanitarian crisis we are - everyone of these president biden went back on what he inherited from trump. and, and juvenile leftists who haven't got a clue how to run things properly and government. specifically on the vaccine. exactly as you say, who are the ones who started this whole vaccine hesitancy? biden and harris started the narrative that has taken hold

which is this vaccine was rushed, didn't go through proper scientific processes, biden started that, he got the whole thing going and now in office he is making it worse because stupidity he says from the white house podium, that we need to protect the vaccinated from the unvaccinated, what message does that send? if the president is saying you've been vaccinated but you need protection no wonder people say - if we still need to be protected what is the point if we need to wear masks as we have to do all over the country. the whole thing is a total disaster of biden's own making and it is disgusting he won't take response ability for any of this. stuart: a couple issues coming out of california, the first one concerns vaccine mandates. california is considering a vaccine mandate for all students 12 and over. that is the proposal. >> let's just be clear, doctor

macarrie has written in the wall street journal, no scientific basis for any of this, forcing children to have vaccines, parents want to do it is fine but it is not necessary, there is no basis for requiring children to have vaccines. these mandates, you are seeing this fight, when are we going to change this in california? yesterday i taped an episode of my california podcast, a fantastic lady who started a movement called let me breathe. taking them to court in california challenging in court the mask mandate schools put in place and also going to be

doing that on the vaccine mandates we think are coming across the state, in la, san diego, parts of the san francisco bay area but people will not take this lying down. they will fight back peacefully through the proper process in the courts to say there is no basis for this. it is unconstitutional and shouldn't be allowed. by the end of this evening if they tried to impose this mandate. >> california dealing with a out, running out of water. and wise california running out of water. what is going on? >> california, lots of parts of california are built in desert-like conditions, los angeles is basically in the desert. in the 20s and 30s they built fantastic irrigation systems, feats of engineering to

transport water around the state and store it in reservoirs and the reservoir capacity of california is designed for the reality that you have wet years and dry years. there's capacity for 7 years worth of water for the whole state. 2019 was a wet year. the reservoir system was over 100% capacity. now they say there is no water because they are flushing it out into the ocean on the grounds of protecting two species of fish, the delta smelt and the chinook salmon. the delta smelt has hardly been seen, they caught four in the whole of last year. it is a complete waste of time and yet for that they are starving farmers, residents and central valley and using that to justify yet more draconian clampdown in the economy in the name of climate change when they could solve the problem essential use of the water we have. stuart: i think you got a lot of really good material for your show sunday morning, 9:00 eastern on fox news, the next

revolution. i will watch and that is a promise, see you later. i want to look at the market, not much change in price, fractional moves across the border. there have been a record 757 ipos. jonathan ho newegg with me. why are you so concerned? too many? >> not a religious man but the proverb that everything goes around comes around and that is what we are seeing? the barometer that these are new and unproven companies, also the biggest number in terms of numbers of ipos, 62

ipos, everyone wants in, and there is so much demand and interest, historically has been a contrary indicator. >> is your caution justified. >> i favor the short side, i dealing with the ipo market. and 80% are unprofitable, 70% in 2000, more and more companies make less and less money come to market with a

portion of assets to be short. stuart: shorting, i was on tv many years ago and was talking about eastman kodak and i don't like the look of that stock and my guests said what are you, some kind of communist? times change and so did eastman kodak. thanks for joining us. we will see you again soon. i'm looking at meredith corporation which is up 25%. >> publisher of people magazine, people still read magazines. reports that the iac will buy them out and boost the online catalog after spending on match.com. nice game. stuart: meredith spun off?

>> video. stuart: that is different. and confusing me in the process. stuart: regulators intensified the crackdown on crypto currency's. of you got the story? >> blanket benaquisto transactions, the currencies were down and look at the ecosystem, the block changes back 5%, the bitcoin barometer down 3% and coin based on one%. we won the stock of the day is nike. the supply chain problems are still down 6.7%. lauren: they cut their full-year sales and supply problems have iterations. half of your sneakers are made in vietnam. do they move their factory stateside. did a 3-d print sneakers? they started to a couple years ago.

the biggest customers on the wholesale level are full locker and dick's sporting goods. they won't of the inventory they need for the holiday season, and do they say fine? there's going to be a change after the supply chain issues impacting every company and every industry is status quo. they will change something. >> and and delta airlines band 1600 people for bad behavior as soon as the pandemic, the taliban is bringing back executions, what happens to all those americans left behind.

donald from moving his headquarters tomorrow lago. is this another hint at a 2024 run? i will ask his former campaign manager next. (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything.

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like you, my hands are everything to me. but i was diagnosed with dupuytren's contracture. and it got to the point where things i took for granted got tougher to do. thought surgery was my only option. turns out i was wrong. so when a hand specialist told me about nonsurgical treatments, it was a total game changer. like you, my hands have a lot more to do. learn more at factsonhand.com today. designated that they will spend $150 billion between 2014-2030 on manufacturing of ships. with his agreement with the quad it will be a joint venture initiative to map overall capacity in the countries to identify vulnerability, critical steps for the supply chain of semi conductors and components that make up semiconductors. they are also going to announce deployment and diversification

for 5g so the pushback on the chinese tech dominance, china, a country president biden didn't mention in his speech to the un. >> president biden: the united states will compete vigorously and leave with our values and attempts by stronger countries to dominate weaker ones. whether through changes to territory by force, economic coercion, technical exploitation or disinformation, but we are not seeking, say it again, we are not seeking a new cold war. >> reporter: nowhere did he mention china by name. you can't mention china by name, senator john cotton said that. he is going to have to mention china specifically. stuart: thank you very much. former trump campaign manager corey lewandowski says the former president is moving his political headquarters back to

mara lago. he's moving his headquarters. he has rallies coming up. does that mean he is running in 2024? before you answer you might if i stick my own opinion in? i'm an opinion kind of guy. i love trump's policies but i don't think mister trump should run for the presidency because he is not popular as a person. have a go at me. >> donald trump is more popular today than he was election day of 2020. 's policies, the america first policies and with the american people want and miss, people have buyers remorse. the only thing we know is donald trump's endorsement of republican primaries is the biggest determining factor for a candidate to be successful and ultimately to go on and be the nominee and winning election and the president's priorities right now are assuring we take back the house of representatives in the u.s.

senate, retiring nancy pelosi and chuck schumer for good. stuart: do you think he is running in 2024? >> we have to get through the 2022 cycle first but we are raising a lot of money. we will be in perry, georgia tomorrow, these rallies continue, 50,000 people come to continue to listen to a man speak at a podium who doesn't play a guitar, just gets up and talks and nobody gets to do that. juxtapose that the president biden who can't put 15 people in a room and that tells you there is a burning desire for people to see donald trump back on the world stage. our enemies will respect us again and our allies will respect us, that is not the case under the biden administration. anyone what is his position in the republican party? the professional politicians in dc who are republicans in the senate and house, do they want him to run or do they regard him as a liability? i think it is the latter, sorry to say but i think that is the case.

>> if you think about it and using of the people who ran under the trump agenda in 2020 and every single battleground seat, the republican was - they won that district was impossible to think of how important. that was in the republican minority in the house of representatives. i believe republicans want to see donald trump on the ticket in 2024, not to say mitch mcconnell and others don't have the reservations. of course they do but when you look at the policies of the trump administration we had a closed border, a military that was respected around the world. we wouldn't have had the debacle in afghanistan. our allies would have respected us. our enemies would have feared us. that's not the case anymore. i think the american people want strong leadership and right now we - stuart: okay. i am sorry but the audio is

breaking up. we got the discussion out and i'm sure we will have this discussion many times in the future. i will show you some travel stocks. we have a new trip advisor survey, 54% of us plan to travel this fall and the most popular destination is las vegas. carnival. they say bookings through the second half of the year have surpassed pre-pandemic levels. carnival up again, 3.5%. look at delta. they are calling on other airlines to share the names on their no-fly list. why are they doing that? ashley: delta says no-fly list are not effective if a band passenger can travel on another airline. delta alone put the names of 1600 passengers on its unruly list as carriers have seen a surge in bad behaving flyers

many of whom refuse to wear a mask. delta is asking other airlines to share their lists to protect employees across the industry. according to the flight attendants union the faa has compiled 4300 and really passenger reports just this year. us house committee on transportation holding a hearing today to hear from us air carriers about the effects of their rage on workers airlines and airports. that is a lot of misbehaving passengers. stuart: what is this about southwest possibly cutting more flights? is it because of a staff shortage again? ashley: southwest says it is halfway to its goal of hiring 5000 workers this year alone but trimming its schedule for the rest of the year to avoid the kind of cancellations, delays and disruptions that struggle this summer, southwest and other airlines including spirit and american operated a

very ambitious schedule to recoup revenue but it failed, didn't have the stuff to pull it off and as a result we have stranded passengers. southwest says hiring has been difficult. the carrier raised at starting pay to $15 an hour and is offering retention bonuses, referral bonuses and additional pay for certain markets with higher cost of living. the airline hoped to hire an additional 8000 workers next year. the company says it normally receives 42 to 43 applicants for open position. right now it is getting just about 14 open positions was hiring is tough. stuart: very tough. migrant families are dropped off at a gas station in del rio, texas. i will talk to the collison who represents del rio. his phone is ringing off the hook with distressed neighbors. aoc burst into tears after the house approves funding for

israel's i&o. a writer in the washington post calls it anti-semitism. ric grenell takes it on 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? 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.

stuart: i am not hearing it. did we play the music? i don't think we did was we had some golden science. looking at nashville, tennessee. look at big tech, or high-tech. susan is following them. >> reporter: silence is golden. a fantastic piece of music. the higher yields, one.45, something we haven't seen for a while, high-tech growth names makes these stocks look more risky, one.45% guaranteed on the 10 year treasury yield. stuart: valued stocks, travel

stocks. the boosting the value plays. stuart: is musk making headlines? >> performance today and the chip shortage is only short-term, in the us. stuart: costco fantastic company, great stuff but they have supply problems. >> it is a fantastic order in the traffic but the driver shortages. stuart: thanks very much. now this.

the iron dome is the world's best missile defense system developed by israel and america. israel used to to intercept 4000 rockets fired by the terrorist group hamas at israeli civilians. our military uses the iron don't to defend our bases. anti-semites in the democrat party hate it. watch this exchange between the two house democrats. >> we cannot be talking only about israelis need for safety at a time when palestinians are living under a violent apartheid system. they are dying for what human rights watchers said are war crimes. >> i cannot allow one of my colleagues to stand on the floor of the house of representatives and label the jewish democratic state of israel an apartheid state. i reject it. that is anti-semitism and i reject that. stuart: i don't know how the democrats hold their party

together. this started early this week when the squad killed american funding for iron dome development. they didn't want israeli citizens, civilians to be protected from terror attacks because they are israelis. when you vote to let terrorists kill jews, that is anti-semitism. after the squad's no vote, israel's foreign minister, house majority leader steny hoyer who arranged a separate ironed home funding bill which passed 420-29 and then look what happened, aoc burst into tears. through an influential wing of the democrat party, the party in power tries to kill a defensive weapon system because it protects is really sent american soldiers. bret stephens writes in the new

york times, quote, democrats in the honorable majority should start treating their israel hating members as the ill intended bigots as they truly are. that is my taste. i want to bring in ric grenell, the squad, anti-semitism, have at it please. >> it is not just being anti-semitic. it is being anti-gay, anti-woman and anti-christian. have you seen the difference between the gay pride parade in tel aviv in ramallah? there is no pride parade in ramallah? you are not allowed to be gay. it is illegal. you are not allowed to do much. there is human rights abuses. let's take the aoc address that she wore, put her in tel aviv with the low cut off the shoulder dress and then let's put her in the west bank in the same dress.

there is a problem that the squad has. they haven't traveled very much. they don't know the world, they are very simple, tel aviv and israel in israel, the bastian of human rights in the middle east. if you are gay you will get thrown off a building in many places in the middle east, you would find yourself illegal, christians are consistently put under pressure and given such harassment. the squad needs to travel because they are clearly on the wrong side of human rights. stuart: i think it is about time speaker pelosi did

something about this. a bunch of anti-semites here and from israeli people here in jewish people there. how do you hold that party together? >> you can't hold the party together and if you ignore what is going on in the party, she doesn't want to deal with this. i think new yorkers need to speak up because new york is a great place for recognizing human rights and aoc is someone who represents parts of new york, new yorkers should speak up. you shouldn't be allowed to be anti-gay, anti-semitic and be from new york and let's be honest michigan is the same place, michiganders should speak up. why are we allowing rashida tlaib to do this to the great state of michigan. stuart: wish we had more time for this but please come back soon and tell us more. a new report claims the government was tracking haitian migrants for months but they

never expected this kind of surge at the border. we have a report from del rio, texas next. ♪♪

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looks like we're walking, kid. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ stuart: got to alert you to this. a bizarre scene playing out on the view. vice president harris was supposed to be live on set for an interview but before that, host sunny houston and annie navarro had to leave because they tested positive for covid. both say they are vaccinated. that interview is said to be on remote. in the meantime the two remaining hosts are taking random questions from the

audience. joy beh ar said the secret service is trying to make the vice president safe before she goes on. a new report shows border patrol agents in del rio, texas asking for additional resources as far back is june. jeff paul is in dell rio, did they get the help they asked for back in june? >> we are learning agents have asked for more help. after they started noticing more migrants appearing in dell rio and camping out underneath this bridge, the local union that represents those border agents asked for specific technology that would prompt those migrants but no one on the ground anticipated they would see what they saw a few days ago, upwards of 15,000 migrants, mostly haitian nationals camped out under the

international bridge in del rio but in a few days this number has greatly been reduced. sources tell us there are 2000 people that still need to be processed and we are seeing border patrol on atvs and other off-road vehicles, bamboo like brush. and haitian nationals have been flown back to haiti. 3900 have been moved from the camp but remain in us custody. those folks will be given a notice to appear or be sent back where they came from under title 42. the other thing we should mention is there's a lot of heavy machinery out here moving what the camp used to be, 15,000 people with personal belongings, makeshift tents.

this spot is clearing out, you can't see migrants coming into this country. earlier when we drove into this spot we saw a couple family from asked where they were from and they said venezuela. that story continues. stuart: in the last hour, president biden said those border agents, the one seen on horseback corralling migrants, the president said they will be punished. >> people treat it like they did, horses, people being strapped, it is outrageous. i promise you those people will pay. they will be -- an investigation underway now and there will be consequences. stuart: congressman tony gonzalez from texas joins us now. you represent del rio. what do you make of what the president said about punishing those border patrol guys? >> president biden has been absent from the border and for him to attack border patrol agents is disgusting.

if he would have shown up to the border just once, he would know these border patrol agents are saving lives every single day just like a few months ago when there were five young girls found abandoned on a farm, off-duty border patrol agent saved those girls lives. a couple days ago when a migrant gave birth to a beautiful baby girl under the bridge in dell rio it was border patrol agents that saved these lives. this is one of many examples border patrol agents are caring, loving, taking care of people regardless of legal status. this is what is happening on the ground in dell rio now. there are six scheduled flights to be returned to haiti. that is encouraging. tomorrow twee 7 scheduled flights, sunday another 6 scheduled flights but what is disturbing is in the county next to it, right now as we speak, there are 600 illegal aliens that are just operating in the brush.

this county is larger than delaware and has five border patrol agents on duty. these are the things president biden should be paying attention to. stuart: we heard reports asian migrants are being dropped off at a gas station in dell rio. what is the reaction of the community? can you tell us? >> nations being smuggled through dell rio is not a new issue for many of us that live and operate on the border, this has been happening for months. the scale in which it happened was unprecedented but haitians coming through is not a new issue. when border patrol has limited resources and completely overwhelmed they were forced to use cash and release. this is the last thing any of us want, somebody who is apprehended and released into the community. a small community like dell rio cannot handle it and it is the reason so many people had

enough. it is time for president biden to show up at the border, declare this a national emergency and help those americans that are trying to get through this crisis. stuart: agreed but he won't do it. thank you for being with us. don't go anywhere. friday feedback and the trivia question our next. ♪♪ nicorette knows, quitting smoking is freaking hard.

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when the news from the view. vice president harris has now appeared. she did not appear earlier after two hosts tested positive for covid. she is about to come back and maybe they will do something in the last we 10 minutes. she is on so maybe they will get something in the last we 10 minutes. let's get on with friday feedback. let's get started. senator bull worth right this. have baby boomers inherited most of the greatest generation's wealth, and did they by and large stick with their parents portfolio? i am a baby boom or, not dead

yet. what i do know, i hope i can leave my portfolio to my children and i hope these democrats don't see that wealth. it was before and wants to take it off me because i've got it and i object vigorously. >> i wish i was one of your children. grace transfer of wealth goes from baby boomers to millennial's which will drive stock markets for the next 50 years or so. stuart: those retail investors. let's make fun of that, why not? deanna writes this. wonderful job with the new show, hope you continue. american built is my new show every monday night at 9:00 pm eastern. what are you laughing at? >> fantastic. stuart: did you watch? >> i watched the next episode. stuart: did you watch? lauren: i watched a lot of promo clips. stuart: ashley? ashley: the clips were great.

stuart: i like mean emails and this is kind of mean, from bob. embrace your age. either get a bigger screen font or glasses. very proud to say at 73 i don't need glasses and i don't need contacts. >> it is hard to read the numbers on these screens i can't to do it and you are older than i am. >> i can't see it either. >> you get a bigger screen phone. stuart: i did get glasses 30 years ago and i used them for a couple shows and all of a sudden i didn't need them anymore. i don't know what happened. >> like a benjamin button situation, you are aging in reverse. stuart: stuart varney is awesome from noel but please put some makeup on him or do something to the camera lens.

what is your opinion? >> you look great. stuart: i gave up wearing makeup on tv during the pandemic and never got back to it. i quite a suntan in florida so i thought i didn't need it. do you think i need it? ashley: no, you look great. >> can i revise my answer? i think this means you are incredibly secure and i wish i had your security not to wear makeup on camera. ashley: a softer lens. stuart: this is for you. how about some discussion about gold and silver plunging in price despite the talk and fact of inflation. >> the new goal is crypto currency. that is what we talk about. stuart: a pretty good answer for 15 seconds. from tricia. what books are you currently reading.

ashley: i am reading the alex trebek book about his life. what a life he led. fascinating, really a quick read, enjoying it. >> bob tiger and his biography. lauren: how to raise kids that aren't able. the author i interviewed on my podcast. her stories are resonating with my life and making me feel better about my parenting. stuart: great response. have i got time to say i am reading a book about thomas cromwell, the man who created the church of england under henry viii. it is a great book, 1000 pages long. took me a couple days. time for the friday trivia question. where was the eiffel tower originally supposed to be built? the answer when we come back.

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♪ stuart: a quick update on the view starring the vice president, kamala harris. she came out for about a seven-minute interview. a couple of the questions were about the border, and vice president harris insisted on talking about the racism at the border with the haitians. now you know. let's get back to the trivia question. we asked you where was the eiffel tower originally supposed to be built, and the answer is barcelona, spain. the tower's designer brought the plans to the city of barcelona, but the city rejected it. they thought it was going to be

an eyesore. so gustav reitched to another city -- repitched to another city, paris. you didn't know that, did you? >> i can't imagine paris without the eiffel tower, can you? [laughter] stuart: well, thanks, everybody. lauren, susan, ashley, great show. neil, in three seconds, two, one, it's yours. neil: all right. stuart, thank you very, very much. we are following what's going on with the washington drama here as to whether we're going to see the government shut down. there are a couple of key moments in in that you're going to want to pay attention to. in fact, we just got word out of nancy pelosi here that she's optimistic that things could get done, saying that the house will move forward, her words, next week on infrastructure and the $3.5 trillion budgeting bill. that's significant because they've been sort of joined at the hip here. but timing is everything. some of the looming deadlines

in