stuart: good morning, everyone. on a monday we always start with the markets. investors want to know first thing if the rally continues, so here's your answer: the rally does not continue. you might have a small gain for the dow industrials, but the s&p's going to be down, and just look at that nasdaq, down triple digits, off 123 points. nasdaq is the home of tech stocks. they're all down this morning because of this: the yield on the 10-year treasury right now is at 1.48%. that's up. but a few moments ago it was at 1.51. it had crossed over that key

level of 1.50. that's a rapid rise that we're seeing. big tech does not like that. that's where we stand at the moment. cryptos, not that much change. bitcoin still around $43,000 per coin. the political news this monday morning might make you mad as hell. the biden/pelosi team has dumped our politics into hell week, excuse my language. they have to keep the government running after it runs out of money thursday night, that's problem one. second, they want to authorize $5 trillion in new spending which the9 president says will cost nothing, zero, he says s. and, third, they need to raise the debt ceiling so we can borrow trillions more. all this week just pack all that lot into one week. the media, the banks, wall street, they're all beginning to turn on this president. so welcome to hell week, everyone. it starts right now, monday, september 27, 2021. "varney & co." about to begin. ♪

♪ girl, put your records on, tell me your favorite song -- stuart: i've got to say that music is somewhat relaxed. as you're starting hell week, come across with this -- [laughter] that's capitol hill left-hand side of your screen. as we said, hell week starts this week. it's hell for congress, voters and investors. look who's here, charlie hurt. i wonder if he's smiling, as usual? well, he is, he's doing his best. [laughter] charlie, i don't think people are going to be happy at what the biden/pelosi team is trying to push through. will they get the blame for this? >> yeah, i think without a doubt. you know, the silver lining right now is that democrats own everything in washington. so the debt ceiling, all of the, you know, the $5 trillion in new

spending, all of this stuff, they own it lock, stock and barrel. they asked for all the reins, they got all the reins of power in washington, and this is 100% their fault. but i have to say i don't think they're particularly -- i mean, obviously, politicians are always concerned about the short term. they're going to take it in the shorts next year, they realize that, i think everybody realizes that. but you've got to remember, democrats are playing a much longer game. they expect to lose next year in congressional elections, but they've got a mission, and we don't even really know what it is except it involves trillions and trillions of new spending and debt. but, of course, we will -- neither one of us, anyone alive today will never live to see the debt paid off. it is all going to be passed on to children and grandchildren. stuart: but i think if they can get one entitlement program through, just one, like, for example, free pre-k, that's an election winner. that could turn around the whole

biden mess so that next year he can say look what i got for you, look at this, and those wicked republicans, they're going to take it away from you. it could be a successful strategy. >> i don't think that it's going to be the enough to offset all the bad. and remember after obamacare, which was one of the entitlement programs, i agree with you, obviously, democrats' long-term goal is they want to change the country by forcing people into forced charity through things like obamacare or, say, pre-k. anything like that. but that's the long-term victory. they're still going to take it in the shorts in the short term before people start realizing, you know, enjoying the largess of this -- stuart: okay. you're in the middle of politics. you're in washington d.c. politics is what you do, all right? so you tell us, give us your opinion on what you think they'll get. they're looking for 5 trillion in new spending. what do you think they'll actually get this week?

>> oh, i think they'll get something like 2 trillion. i think if you cut anything in half or a little bit less, that's what -- they'll claim victory. and here's the really disturbing part, the rest of us will claim victory because we're not on the hook for $5 trillion. 2 trillion is a massive amount of money, it's the largest spending bill in the history of congress, and we don't have any of the hundred to pay for it. and, but the idea that they put that five number out there or the three trillion out there, whatever it is that they put out there and then they cut it back, we think we're not getting, you know, run over as badly. well, we are, we really are. we have no more money. there was a time when a trillion dollar bill could not even be imagined, but i we now sort of blow through the stuff like it's nothing. stuart: if it ain't a trillion, it's nothing. >> right. stuart: charlie hurt, we'll be watching this week -- >> happy hell week. [laughter] stuart: you just invented a

great phrase. and we're both smiling. what are we smiling about? i can't understand it. [laughter] it's terrible, it really is. all right, the other big story of the morning is this: the market. it's a monday morning. we're coming off a pretty good week last week. not terrible, pretty good, and we've got a mixed market this morning. dow's going to be down, but look at the nasdaq, down 130 points. jason katz joins us first thing. jason, i am focusing on the yield on the 10-year treasury. it spiked this morning to 1.51 is % and and clearly has upset the technology stocks. what's going on here? >> so i would characterize this more as welcome to the jungle market than welcome to hell. if last week was a bit of an adventure, i think this week is going to to be a doozy. the move in the 10-year is pretty telling, and last week's market a action was even more telling. you don't want to read too much into any one week's trading, but as the 10-year crept higher,

what did we see? the rotation back into energy, back into financials. and this so-called safety trade where everyone flocks to treasuries, everyone clamors or the tech cohort that were the two most notable underperformers: so while i think the major indices are likely to come under pressure because 43% of them are made up of this tech and growth cohort, i think you're going to see an underlying rotation into the reflation trade. it's not hell, more of a jungle we're going to have to navigate. stuart: i don't know what the developments are going to be with raising the debt ceiling, paying for the government after thursday and this $5 trillion in spending, i don't know what they're going to do with all of these things, but if one of them goes wrong like they don't raise the debt ceiling, they don't fund the government after thursday, i mean, what happens the they fail on one of these three big items? >> look, it's a game of brinksmanship, and we've seen this may out many times. perhaps we get to friday and

nothing comes to pass with respect to the debt ceiling and then monday we're in for a pretty good walloping, but it's not a matter of if, it's a matter of when that all those boxes are checked. they may not be checked in a manner that we all like, but i think that we're going to see some compromise, and the market knows that. the market has and continues to be keyed in on the move on the 10-year. that will dictate the direction of equities in the near future. stuart: would you say steady as she goes for the market for the next few weeks, leveling off? >> i think you're going to see a move from your left to your right pocket. those that have been hiding in the tech and telecom cohort, exclusively, are going to get their head handed to them, and you're going to see a shift into the more cyclical value trade. i think if you have a barbell approach and you're thoughtfully diversified, your overall portfolio should do well. but the s&p given the constituency of the tech names are probably going to come under pressure. stuart: oh, you're telling he i

might be in trouble with microsoft. i can read between the lines, jason katz. you didn't want to come right out with it, did you? >> never. [laughter] stuart: see you soon, jason. there's a lot more that could move the market this week, actually, it's not just hell week. there's a lot more going on. >> good morning, jam packed. tomorrow you have the federal reserve chair, powell, and the treasury secretary testifying at the senate banking committee hearing. you have consumer confidence for september. remember, it retreated in august, lowest level since february. amazon will announce new products and services, and then you get earnings from micron after the bell, that is just tuesday. [laughter] wednesday, will china's evergrande make a $47 billion interest payment? will china intervene in any way if they do not? and you have an ipo, warby parker, the eye grass people. stuart: that's just wednesday. then thursday? >> gdp, second look at the second quarter.

it's a little bit backwards looking, but how did the economy do in the spring. it's also the deadline for congress to continue funding the government. and one more, friday, october 1st. stuart: yes. >> october's the month where you see the biggest swings in the market up or down. but again, key readings on manufacturing and housing. and i just gave you a couple o the items. there's more than everything i just said is. stuart: i'd like to expound more on, but i'm not going to do that because there's really good news, i think it's big news, facebook is pausing instagram for kids. >> yes. okay, so they're reevaluating it. they want to address the concerns from parents, experts, policymakers and regulators. the head of instagram wrote this this morning, instagram for kids was never meant for younger kids, but for tween, ages 10-12. it will require parental permission to join, it will not have ads, and it will have

age-appropriate content but not now because right now they have to focus on real teenagers, 13 and up. in fact, facebook global held is going to testify this week before the senate -- stuart: so there's more. >> yeah. because kids are getting phones earlier, and they're lying about their age and setting up profiles. sometimes the parents know, sometimes they don't, and it's creating a huge problem, and facebook through instagram is in the public eye because of what is going on at the company, what they knew, what they didn't know and how it's impacting the mental health of teenagers. stuart: got it. now this, two cohosts of "the view" pulled off the set moments before vice president harris was supposed to join them. watch this, please. >> i need the two of you to step off for a second is. >> ana and sunny have to leave. vice president -- no. okay. let's do a tap dance. stuart: okay. now we know those tests were

false positives. we will ask media watcher brent bozell what he thinks of all of that. i think it's just a tad suspicious, isn't it? i'm no conspiracy theorist, please. look at this, daily covid cases across the country down 18%. how about that? i think that's good news. but my question is, will biden take the credit? i think he'll try. look at the futures one more time as we approach the opening bell this monday morning. the key thing to watch right now is the big drop for the nasdaq composite. we'll be back. ♪ ♪ i can make your hands clap ♪♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.

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♪ stuart: the thing to watch for today when you're looking at futures is the nasdaq. that shows a major league loss are. small gain for the dow, but look at the nasdaq, down 134 points. got it. look at pfizer, please. do we know, lauren, when they're going to submit the data that's required for vaccines for kids? >> i can tell you in days. they plan to submit data on vaccinations for those 5-11 years old. they'll get about a fifth of the dose as adults. so it still has to get fda and ckc approval if. timing -- cdc approval if. the overall cases are going down, but not for kids. in fact, a quarter of all new infections were in children. stuart: and this is the day, i believe, today's the day a showdown in new york city, today's the vaccine mandate day. new york health care workers gotta get the jab as of today. new york city teachers are also mandated, they've got to get the jab, but i think that rule was

suspended, wasn't it? >> that mandate for teachers and staff in new york city schools was scheduled to go into effect at midnight, but a federal judge temporarily blocked the rule, and now on wednesday there's a hearing in front of a three-judge panel. so now for today unvaccinated teachers in new york city can continue to test out. medical workers do not have that option. they must get the jab or lose their job effective today, and they will not be able to get unemployment benefits. stuart: i'll be very interested to see what drop percentage have they got. >> we are ready to call in the national guard should we need health care workers. stuart: really? >> yeah. new york governor is ready for a shortage today to get resources out. stuart: it's desperate. lauren, thanks very much, indeed. look at this, please. every day i check "the new york times," the front page. they've got a covid tracker right there. today new cases down 18%. doc siegel joins us. all right, doctor, the ceo of

pfizer says things could go back to normal within a year, the catch is he says normal may include yearly booster shots. i'll get to the booster issue in a moment, but first of all, that down trend in new cases, down 18%, that's very positive, isn't it? you can see the other side of this thing. >> i like it, stuart. i think we have to watch the trend over the next few days and see where we're going, but clearly the death rate's been going down, and the hospitalization rate's been plateauing. as the case rate goes down, yes, we're starting to look at the end of this wave. and i think the ceo of pfizer is correct that we could be heading towards -- i hate this term, by the way, but a new normal where we end up if we get yearly shots, if we don't get more variants. the second one is likely. this delta variant spreads widely and very rapidly, and i think that this is about as bad as it's going to get. i may be wrong. there may be other variant, but the delta variant is the one i still worry about. stuart: so we are looking at a

have been in a year -- a jab in a year, somewhat like a flu shot. that's what we're facing, isn't it? >> i think we're going to package that together. i don't want to sound cynical, but the pfizer stock price has been flat since august, and with the beasters start rolling out -- boosters start rolling out, that might help, but they're really excellent. they work really well, the problem is they don't last forever in terms of preventing you getting sick. and that's why we are going to see boosters. but we're going to see a combined flu/covid shot, i predict. that's what we're going to see on a yearly basis. stuart: today's the day when new york health care workers must be vaccinated. have you any idea what proportion are not vaccinated and will not be at work today? >> well, it's about 20%. and i don't know how many of them are going to try to go to work today, but i want to say a few things. first of all, my hospital, nyu,

has a really strong history and culture of vaccination. we have on flu shots everybody gets vaccinated. i don't think it's going to upend nyu that much, but i have a couple of points i want to make here. first of all, there's no allowing for people that got over covid, that have antibodies. we've wanted it tighter for a long time, i still need that. i also, you know, want to understand what's going to happen instead because lauren's point about the national guard coming in, by the way, stuart, the national guard can't just suddenly go on a ward and act like a nurse. they could spread covid. you actually could end up with more covid spreading with that kind of collision going on in a hospital. and so i also wonder about this superimposed government mandate idea from the president state versus actually talking to people. i've convinced a lot of staff people to take the vaccine one-on-one. what is your concern? why are you reluctant? you know, are you realizing you could spread it among the patients?

that's really the idea. that's how to approach it. not with a stick, but with a carrot. not with the threat and the bullying and the shaming. stuart: we'll have a problem in new york if 20% of health care workers are not on the job. doctor, thank you very much is, appreciate it. what have you got, lauren? >> by the way, 27,000 new york city teachers have not uploaded their vaccine status out of 150,000. stuart: and they're supposed to do that? >> yes, by midnight. stuart: check futures one more time. again, watch the nasdaq, going down sharply. we'll be back for the opening bell after this. ♪ ♪ hey, look, ma, i made it ♪♪

stuart: him him

stuart: if you are just joining us, the market will be down at the opening bell especially the nasdaq with a fractional maybe the dow jones. can you show me hotel stocks? we have with us a hotel owner, you know him, his name is jeff sica. he owns three hotels and i wanted now, jeff sica, what's with the business traveler, have they returned enforce yet or what? >> that's what i have

been asking myself, where is the business travel as they are missing in action. we have occupancy numbers over the summer that looked great, 69% at pre-pandemic levels and it looked great, but one thing, they were deceptive. they were holiday travelers, leisure travelers, not business travelers. we are looking at numbers that we will have about 30% of the business travel-- travelers in 2021 that we had in 2019. what i see is this fear mongering has kept companies from putting employees on the road, and these companies are making it optional for employees to travel and a lot of people watch way too much tv and have given into the fear and don't want to travel. stuart: there's no such thing as watching far too much tv, jeff

sica. are you trying to kill me? >> excluding varney and fox. they should only watch varney and fox. stuart: do you see the things turning around and will we get back to the same business travel of 2019? >> i think we will and i disagree with the travel industry telling us it won't be until 2024 or 2025, but knowing business and the fact that these businesses had multibillion dollars and travel expenses put aside, i know that once they start to deploy that and they put their people on the road because that is how business is done into an international business environment, i think we will see great numbers, but we have to get past the fear and move out and do what businesses do, which is grow and expand and connect. stuart: you are also a movie

producer. are we looking at a hollywood strike in the near future? >> yes. not only are we looking at a strike, we are looking at a monumental strike. this is the international theatrical stage employees, this is a 60,000 of those people , a crucial union to the movie industry. these are the crew, the people, these are the lifeblood of the movie industry and what happened, stuart, is all these shows were put on hold. now they are back, and these producers have been pushing content. so, the union has responded by saying it's fine, we are happy for the work, but you have to pay us on the streaming revenue and you also have to give us more rest, i mean, they are seeing 14 to 20 hour days on set right now which is necessary to create the content, but

the producers, the industry needs to step up. stuart: okay. so, sometime before the business traveler gets back and may be a from hollywood. not all good stuff. jeff sica, thank you for joining us. they are clapping and cheering and ringing the bell. it's monday morning of september 27. lauren: it is all day. stuart: as my mother would say, what day is it, wednesday all day. we are up 30 points at the opening. s&p is open and it's a down quarter of 1%, that's quite a lot, but the nasdaq, it's going to take a drop down at .6%. doesn't sound like much, but it's 90 points. have a look at big tech and that they are all way down. microsoft-- you can see them on the list, apple,

alphabet, amazon, facebook on the downside look at facebook in particular, down 3..8%. a susan, good morning. susan: good morning. stuart: they are calling at the instagram for kids deal. susan: stock reaction says nothing really, down eight tenths of 1% and they are doing this because of a backlash from users and lawmakers after that lead to data showed younger users had harmful thoughts after using instagram and now it's on pause, the instagram for kids those from 10 to 12 years old and who's to say it will be lit released later, but for instagram they are rolling out parental features for teenage use and they also have the whistleblower on capitol hill this week, but the stock is up 28% this year. huge topline growth in sales and only trading at 27 times which in this technology and nasdaq world it's cheap. stuart: twenty-seven times earnings is cheap.

another big factor we have been watching as this, the yield on the 10 year treasury 1.9 actually hit 151 a few minutes ago. susan: since june the. stuart: is there a thing as a play? susan: absolutely. you make more money on interest on the loans you dole out because you can charge higher rates and they are leading the advance we see today and also i want to show you what's happening with travel stocks, airlines and boeings, value play getting a boost, almost a 2% rally across the boards with durable goods are showing the economy is recovering and i think we are on pace for a taper starting in november. stuart: interest rates up and some stocks down. susan: tech stocks down. stuart: travel stocks and financials-- susan: value place as we call them. stuart: you are going to talk about tesla because i understand elon musk is trying to improve his reputation on the tesla cars

reputation in china with a series of recalls import market for him. susan: of course. he's praising china again in a virtual speech at the world internet conference, second time this month he's been highly complementary of china and the chinese electric carmakers calling china elbe global leader in digitized station and it's been a huge win for tesla and the reason it's trading at these levels because not only is tesla dominating in the world largest car market as china, but also using shanghai as an export hub for europe they actually exploited 31,000 tesla cars made in shanghai outside of china, which i think is a fantastic thing for them. however, i would caveat that the ex-con and neo is catching up with tesla. stuart: alright. back to the crypt does, bitcoin in particular right now at 43-- 43,700

per coin. nuclear power plants making deals to provide bitcoin miners with power because they use a lot of juice for that. the green arrows, are they happy or not? susan: i think it's a win win for about. i don't know that the greenies will ever be happy. people have lost faith in nuclear power kicked bitcoin money uses more energy than argentina include according to some estimates that the reason crypto play is up because the fallout from china's crypto market and i told you this friday, it's just a knee-jerk reaction and you heard the same thing about banning crypto in 2013, 2017, some of the largest crypto chains in the world has cut off their mainland users, but the fact that you had 2013 and users in china have been able to get around the chinese firewall tells me there's a lot of loopholes. stuart: and bitcoin as backup.

susan: which is why these stocks are up as well, the grayscale and ethereum as you can see. stuart: look at this the dow jones is up 111 points, 112 points up because the financials are doing well as interest rates rise and nasdaq is down over 100 points because the technology companies do badly when interest rates rise up your having gotten that out of the way we have upgrades and some downgrades. a start with cloud computing. susan: they got an upgrade today to outperform and it's interesting because over the weekend you had aaron levy the former founder-- while he is the box founder and he actually said he sold for $80 million but he's been able to buy that back. do have any other upgrades or do you want to talk about spac deals? stuart: i wasn't paying attention. susan: that's okay. stuart: what would you like to tell our audience? susan: we will go to best buy

than. they will be controlling the stocks appeared they made a bullish call on best buy calling it a top idea as they are enthusiastic about the upcoming total tech membership program with recurring revenue like a netflix model and it's cheap worth $150 back to the spac deal, you know with polestar and guggenheim, that's a $20 billion spac deal and also polestar is an electric carmakers and that's obviously a hot trend we are in fact by leo dicaprio. you must know who that is? stuart: i do. susan: him and also you have shealy and volvo are investors. they will make one of the suvs and carolina. stuart: 20 billion? susan: one of the models will be made in south carolina.

stuart: worth 20 billion. susan: yes. stuart: the dow jones is up 130 meaning there will be solid winners and there are. it's goldman. susan: chevron. stuart: as interest rates go up those guys go up as well. s&p 500, susan? susan: marathon oil, you have all the energy plays up with oil at pricing. stuart: how about the nasdaq winners? susan: marriott international, again the value placed on the nasdaq, travel stocks. no technology. stuart: i know, well they aren't winners this morning for major league losers so far this monday morning and coming up we will talk to a company called red balloon, a job posting website that helps employers looking to hire people no matter what their politics. it's all about taking the woke to work and we are interested in that. speaking about woke company senator rubio has a new bill he hopes

to give shareholders more power to fight back against these woke companies. then there is this, tree equity. i haven't take a clue what that is but tree equity, just a few of the items in the tax and spend a bill. you won't believe what else we have uncovered. we will tell you after this. ♪♪ our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... hey, graduation selfie! well done!

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stuart: twelve minutes into the trading session in the big news is the dramatic drop from the nasdaq which is down 180. a solid gain for the dow jones up 140. then there is this, our team at fox has been digging into democrats three and half trillion dollars spending bill and finding out what's in it. not sure we want to now.

will rent has been doing digging. what is this about a resource center for older people with gender identity issues? lauren: i don't know. what does that mean? i don't know, but it's 2400 page bill and there's something for everyone and there's $15 million for what you just said. stuart: resource center for older people. lauren: with gender identity issues. what defines an older person and what is their issue? $15 million to find out and i cannot explain that for you. i think i can explain $3 billion for tree planting entry equity. stuart: what is tree equity? lauren: basic rights since trees are often sparse and low-income areas mandating equitable tree cover in every neighborhood to address social inequality. i looked that up. stuart: you have to be kidding? lauren: it's true. gender ended-- gender

identity issue $300 million for frequent federal environmental reviews which means companies will spend most of their time and money on not only going green-- stuart: i found somewhere about $3 million for unions to hold elections, federal money for unions to hold elections. lauren: the bill is 2400 pages. stuart: democratic congresswoman says that massive spending bill is paid for. watch this appear. >> if someone wants less than three and half trillion tell us what you want to cut, do you want to cut childcare, paid leave and president biden said something important which of this is a 0-dollar bill because it will be completely paid for with taxes on the wealthiest and-- stuart: don't worry everyone, the cost is zero, the rich will pay for it all appeared ain't that right, stephen moore?

i mean, the president came out with it and said the cost is a zero because the rich will pay. how about it stephen? >> i'm impressed with your staff that they could read it through that 2400 page bill to find out the pork roast in that bill and thick slabs of bacon as they couldn't resist themselves and you are only scratching the surface i mean there are tax breaks for people in the media like you, tax breaks for the labor union bosses, tax breaks for solar panels and we can go on and on. it's a special interest feast. you raise a good point and this has been the democratic talking points for the last week or so that the bill cost nothing. of the truth is they have god by their own calculations 3.5 trillion of spending, 3.5 trillion in i told you though real price tag is 5 trillion, but let's

take their 3.5 trillion in the tax increases on the rich amount between somewhere between two and two and half trillion and if my math is right at three and half trillion minus two and a half trillion still leaves you with a trillion dollar annual deficits. this is not paid for and by the way when they tax you and me how is that free? i don't even understand the language mean they are taxing and taxing and borrowing and saying it's free and to the congresswoman you just said about what would you take out of this bill, i would take out the whole damn thing. the country doesn't need. we don't need more debt or government spending. as an economist i would say the best thing we can do right now given we are in a recovery is to cut government spending and the debt, not to raising it. stuart: i wonder how that will go down on the left? not well i would suspect. when in these days we will get together and you can tell me what tax breaks i will get.

>> reporters-- are you ready, reporters and this grabs to the bill would not have to pay payroll taxes. why would the democrats want to give a big tax guide to reporters? may be because 90% are in their corner? stuart: at my head is exploding. a come back soon and put me back together again. thanks, stephen moore. remember when we told you about cvs training employees to reflect on their privilege? workers are now going through even more wokeness training. lauren: i'm not sure you can handle this. according to reporting cvs employees must make a personal commitment plan to be enacted allies, wording they use and mitigate bias and there's also a checklist. you are privileged if you check you celebrate christmas and if you check you have a name that's easy to pronounce and then-- i told you. and it instructs leaders to sourced diverse talent and to promote such talent.

all of this because they are spending about $600 million on racial equality. stuart: it's actually a privilege to celebrate christmas lauren: i don't think it's a privilege. stuart: i'm joking. i'm just trying to start a big argument. senator rubio-- lauren: i have another one. stuart: senator rubio is targeting these woke companies with a bill supporting shareholders that could go after these companies. lauren: shareholders can sue executives if their policies are to woken out in the best interest of the company and the bottom line so that the company as a shareholder-- if they force a policy and i can't prove it's beneficial to the company you can sue in the name of the act is: mind your own business. stuart: that could go both ways. lauren: yeah, it could. stuart: a thank you. please listen to this. >> crises has caused the president's approval rating to tank. >> border patrol agents

using rains against migrants. >> the biden administration has its hands full for sure. stuart: you know what, the media is beginning to turn against this president, maybe. i will ask brett, our media guide of the day and he's coming on the show later. homeland security secretary mayorkas said 12,000 migrants were released into america and it could be higher. >> on the 17,400 that were not deported back or did not return on their own to mexico, how many have been released into the u.s.? >> about 10,000 or so, 12,000. stuart: coming up we are headed to the border and griffith jenkins is they are talking to migrants who have a message for the president we'll be back with at that. ♪♪

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stuart: wouldn't you know it, retailers are facing worker shortages and shipping delays just as we head into the holiday shopping season and there's another worry, the vaccine mandate, grady trimble joins us from chicago. grady, was the vaccine mandate problem for retailers? >> of the problem that it will be very

complicated to implement this vaccine and testing mandate, so two of the largest retail groups representing some of the largest retailers in the country, the retail industry leaders association, national retail federation are asking for 90 days from when the guidance comes down to when they actually have to implement it. they say that it will be a complex process with around 4 million employees across retail industry who need to be tested every single week. they don't know who is paying for the test or whether employees can test themselves at home. and they don't know what to do about parental consent for employees under 18 years old. all of these are very practical considerations and on top of that the guidance comes as retailers are preparing for their busiest season of the year. at companies like target, walmart, macy's are looking to hire combined hundreds of thousands of employees for the holidays.

>> there are already complexities moving forward for the holiday season especially with some of supply chain disruptions, so having something that would come into the middle of the holiday season with the complexities we have discussed, that's a worry to retailers. >> the white house has yet to respond to this request from two massive industry groups. stuart: if they don't get the 90 day delay then these guys have a real problem come this holiday season and that's a huge problem. thank you. some retailers ending their layaway programs. they are offering new payment plans for the holidays. tell me more. lauren: it's about buying now pay later and it's the modern layaway, popular. rbc says if you use the service customers increase how much they spend between 30 and 50% and that's great for the retailers, but if you look at walmart which has a large and bank population, they need layaway because you need a credit score to use

their service and you are paying if you don't have a good credit score as high as 30%, so not good for everyone. stuart: it pales before the shipping and the workers orders. lauren: and it's better for the retailers. stuart: the dow jones is up 225 points, but the nasdaq is way down off 167. ahead, steve forbes, kt mcfarland, brett bozell. second hour of "varney & co." is moments away. ♪♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. life is for living. . .

♪. stuart: all right. it's 10:00 eastern time. you're looking at new york city and let's get straight to the money because very interesting split market this morning. dow is up over 200. nasdaq composite down more than, down more than 140 points. why is the nasdaq down so much? look at this. the yield on the 10-year treasury has hit the highest level since july. it is 1 .48 now. it was 1.51 an hour ago. big tech always take it on the chin when interest rates bo up.

every single one of the big tech companies on the downside. cryptos, not much change. although they recovered from last week's turmoil. ethereum back above three grand per coin. that is money. now this. i have to believe the voters are losing patience with the biden pelosi team after failure in afghanistan and chaos at open border, we're faced with the absurdity of a political hell week. the president and speaker put us into ridiculous situation. one, trying to spend five trillion dollars where they don't know exactly where it will be spent. two, borrowing untold trillions. that is called raising the debt ceiling. three, keeping the government running when it runs out of money on thursday night. all of that they have to pack in one week. how did we get to this? pelosi calls herself a master legislator, and president laughably says we can spend all that money but the cost will be zero. they're trying to push through

the transformation of our society, your job, your money, your life-style, all at stake. the democrats are trying to do this with evenly split senate and tiny majority in the house. there is no mandate for this. i guess it is hubris. pelosi, 80 years old will probably retire after next year's elections and wants this massive spending to be her crowning achievement. the president will be 79 in couple weeks and he wants socialism to carry his party in the election. what are we the people supposed to think? we're on the sidelines watching a slow motion train wreck. ah, but not slow motion, not this week. their own incompetence pushed us into a rapid fire disaster. this is what happens when the real president of the united states is bernie sanders and the real power in the house of representatives is aoc. the tech hour of "varney" just getting started.

♪. stuart: steve forbes with me this monday morning. all right, steve, speaker pelosi says she expects the one trillion dollar infrastructure bull will pass this week. watch this, please. >> let me just say we're going to pass the bill this week. we will bring the bill tomorrow for consideration but you know, i'm never bringing a bill to the floor that doesn't have the votes. stuart: yeah. well she didn't bring it to the floor today as she was expected to. she didn't have the votes. it is thursday when we get this vote. steve, looked at this realistically, how much of this week from hell is actually going to pass? >> i think they will get a infrastructure bill through, so-called infrastructure. they will do it the old-fashioned way. she will put pressure on. the president will call when he is up to it several moderate members and offer lollipops. don't be surprised if you see something else emerge this week

in terms of that 3.5 trillion to get the skids going for the so-called infrastructure bill. that is the return of state and local tax deductions in some form or another to buy off suburban votes. so one way or the other they will try to bid it over to the senate, plop it over to the senate, by putting in some version of s.a.l.t. they will get that infrastructure bill, so-called through. the 3.5 trillion is going to probably not going to get it through this week because they will have to do a little more horse-trading. i think even the far left is realizing you don't have to have big dollars for these new entitlements, they put on. you can begin with one dollar, knowing billions of years it will be. you know the bad stuff is going to be in there. stuart: do you think they will get one new entitlement program? it could be free pre-k? it could be free community college? i mean will they get a new

entitlement program? because if they do you and i think that is a disaster? >> yes, it would be a disaster. i think they will try not to get one through but all of them through but focus on the one that has nicest sound, free free k. the republicans have to be ready, party of no, to counter with what you might call school savings accounts, you want money for pre-k, let the parents have it in the form of education savings accounts. let them determine where the kid goes to school. let's have that fight. that is fight we can win. put it in the hands of parents. stuart: i think bankers, wall street, media are beginning to turn on that president when they realize what is being proposed here. last 20 seconds to you. are they begin tock turn. >> is the turn coming too late and hope to get some socialist program through, that is the thing.

the next two weeks will be critical to the future of this country. stuart: i think you're right. it hangs on one new entitlement program, get that through, to to the country in 2022, see what we did for you. steve forbes, thank you very much. >> thank you,. stuart: holidays just around the corner. want some advice? order your gifts now. there is a huge problem developing, happening at major ports in the country. what's the issue, lauren. lauren: the ports are clogged. you don't have enough workers at warehouses, at the ports to unload the containers or drive the merchandise where it needs to go. big ports like those in california where 1/4 of imports a i rife in the u.s. they have 60 ships waiting to dock as long as three weeks. when you look at the big ports they're operating at0 t0 to t0%7 ca pa liteditight nighththtft n sy.da it jsnake m sse whe ilareil begil bnggi ndisndnd sckheir t wive st: uasnfonar

if youan'tett, wha wha whaou phehece pcece ti b.ce.. .en laurenew: f sales sal sal l willeheidid snso th fwiththcouncoun,. hid h s snnnn hell.ele l t it i it. mondayngornior0asdannnn garitans can ycan explain the split market, technology way down, financials way up. can you explain isn't. >> it is interest rates, stuart, predominantly interest rates. it is almost solely interest rates. we learned in the past year-and-a-half or so as interest rates go up it is deleterious to high-tech stocks. you're seeing movement into less esoteric stocks. you have a strong run this morning in the oil industry. you have chevron up substantially, you have got exxon up substantially. most of the oil industry up across the board. they're doing well because crude oil prices are higher across the

globe but interest rates are raising and interest rates will continue to rise. the fed may continue to be expansionary. it doesn't really matter at this point. when i first started in the business in the early 1970s, 10-year instrument at 8% coupon and 1982, we had 30 year bond at 14% coupon. you couldn't give them away. here we have the 10-year at about 1.50 yield. it is going to 3 or 4% next few years that will be deleterious to the high-tech industry. you're seeing something very important today as we separate what is going on in the real economy as what is going on in the high-tech industry. i think this is going to continue. stuart: i don't see how you get across the board rally, some of our guests are saying we go across the board up, melt-up, that kind of thing i don't see how you can do that with backdrop of rising interest rates and hell week in congress and all the uncertainty. i don't see a meltup at this

point. i don't think you do either. >> no, i don't. i only trade in my own account. 30% of what i own is in equities. 60, 70% is in cash. i will stay that way for a while. all i basically own is oil uncompanies. very esoteric, very drop it on your foot hurt type industries. i will be opposed to owning a high-tech for a long period of time coming forward, as long as interest rates go up. there are periods of time in history when interest rates go higher but stocks go higher but it's a rare circumstance indeed. stuart: got it. thank you very much indeed. dennis, all good stuff. we're watching the interest rates, believe me all through the show, guaranteed. come back in again, lauren, please. let's go to oil. it has got to be up. lauren: prices up five days in a row back above 75. the two stocks leading the s&p 500 are occidental and marathon. they're each up about 6%. stuart: that is inflationary. oil goes up. gas goes up. we all feel it.

lauren: plastics that use petroleum go up. they are in toys. talking about the holiday season. tax hikes for everybody. stuart: gas is still about 3.19, but probably going up from here, fairly rapidly i would say. zoom. there is the oil companies. what have you got on zoom. lauren: hit a new low a few moments ago. i think this is good news. as the delta variant subsides the world goes back to normal we'll go back to the office, be not on zoom anymore. zoom communications, a company that helped us out during the lows of the pandemic, in is not helping us. stuart: beyond meat r they down or up? lauren: they're up. selling beyond chicken tenders at a variety of stores nationwide next month and expanding the partnership with walmart a 70% increase in the walmarts offering the beyond sausage patties. stuart: you have got news from boston fed president eric rosengren. i don't know what the story is.

just in. what is it? lauren: he is retiring nine months earlier than predicted. he was supposed to retire in june but happening shortly. he is one of two fed officials actively under fire trading stocks while helping to set monetary policy. rosengren and kaplan. rosengren said he stepping down but qualified for a kidney transplant. but i think the timing is also right. he is under fire for the trades. he is 64 years old. stuart: they're allowed to make the trades. that is not a problem. kind of looks bad. lauren: powell was asked a lot of questions at the press conference about that. that is a very bad look. the timing is right. june mandatory retirement after 35 years in service. stuart: national guard troops have to fill in at bus drivers. now they could be called to work in hospitals in new york. we'll tell you why it is becoming so difficult to staff hospitals in new york. john bolton warns that the

taliban could get their hands on nuclear weapons. kt mcfarland is on the show. she will discuss that with us. remember the 15,000 migrants camped out under the bridge in texas. secretary may i don't mayorkas d most were released into the united states. >> of the 17,400 not deported back or returned to mexico how many were released into the u.s. >> 10,000 or so, 12,000. it could be even high every. stuart: even higher. peter doocy at the white house with that report. with that report. he is next. ok, let's talk about those changes to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab.

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♪. stuart: same old story, a split market. nasdaq way down, dow way up. check blackstone. the news here is that they are selling cosmopolitan resort & casino to mgm resorts. the stock is down though because it is caught up in the swirl of downside technology companies. blackstone's caught up in that. then we have the migrant camp in del rio, texas, empty. as many as 15,000, mostly haitian migrants were there. so where did they all go? peter doocy at the white house come on in. secretary mayorkas said as many as 12,000 have been released into the united states but that number could be higher. what is the story, peter. reporter: the story, stu, last week, week before, the officials are saying they don't think these migrants don't intend to be in the united states for a long period of time. they said if you come here your journey will not be successful. as it turns out those things are not true. >> how many have been released

into the u.s.? >> they're released on conditions and approximately i think on 10,000 or so. 12,000. >> have been released? >> yes. >> so are we talking a total of 12,000 or could it be even higher? >> it could be even higher. reporter: could be even higher, they don't know. with more than a million people in the backlog, they would be 2 1/2 years before the claims are heard. unknown number will stay after that. they are given the benefit of the doubt. border patrol officers are not. president biden accusing them without evidence of whipping people. he have is promising punishment. if they are fired the texas governor says, he will hire them back. >> border patrol agents i want them to know something, if they're at risk of losing their job, from a president abandoning his duty to secure the border, i will hire you to help texas secure our border. reporter: i had a chance to ask the dhs secretary on friday why it is the president is using

this inflammatory language about people being strapped even though there is no evidence of that occurring and the secretary mayorkas said he is confident in the integrity of the investigation that is underway. stuart. stuart: we hear you, peter. thank you very much indeed, sir. i will shift to another policy disaster. john bolton, remember him, senior figure in foreign policy in the trump administration. john bolton blasting biden's handling of afghanistan and he is warning that 150 nuclear weapons could fall into the hands of the taliban. kt mcfarland, former trump deputy national security advisor is with me. are these nukes possibly coming from pakistan? >> yeah. i mean what he is talking about that the current guys running afghanistan, the taliban are very closely connected to pakistan. it is, called the haqqani network. when the biden administration was quote, negotiating our withdrawal, they were not negotiating with the bad guys,

they were negotiating with different taliban guys, assuming those taliban guys, the good taliban guys would be in charge of afghanistan once we left. that is not what happened. the bad guys, the haqqani network, the most ruthless, violent taliban group and tribe closely connected to pakistan, they're now the guys running things. so the worry is, that not only have we left behind weapons that now make afghanistan one of the most well-armed and most modern equipped military in the world but they're closely tied to pakistan. they're the cousins, they're the brothers, they're the same tribe and pakistan has 150 nuclear weapons. stuart: well, if the taliban got hold of any one of these weapons, that is a nightmare. i mean do you consider it at all likely that could happen? >> look, it is not going to happen pack ton, says here, have some nukes. go do foreign policy. a lot of things happen in the

middle east. subterfuge, lies, deals you never see coming. what i'm much more concerned with, we have now created by our own fiasco and sham evacuation, we have created a pakistan-afghanistan combination, well-armed, definitely anti-american, tied to all sorts of terrorist groups and now has access to nuclear weapons. not just pakistan and afghanistan, stuart, they're really part of the same group. historically they were the same country. the tribes running both countries are really the worst of the worst. stuart: the taliban are big on executions again. we're learning those still hiding in afghanistan could be wait to be airlifted out years and years. unfortunately, the news cycle has moved on, we don't hear about this any longer. news cycle is past afghanistan. it is almost past the border. it is on to hell week. we're dismissing the real terrible problems of

afghanistan. >> yeah, stuart, i find this sort of most cynical upsetting part of a very upsetting administration, biden administration, they look at afghanistan, they knew it was a mess. they didn't think it would be as bad as it was, their attitude, once the reporters are gone, once cameras are not running, they won't pay attention. they won't see the beheadings, the government of taliban in afghanistan, they are yesterday's news. the same attitude with the border. they weren't allowing reporters there. they weren't allowing drone overhead photography what was going on at the border. why? because they think if they can squish the news, take it off the headlines, take the pictures out of the consciousness of the american people, they will get away with it. that to me is not only cynical on the part of the biden administration, but complicit on the part of the media. stuart: it is. kt, always good, thank you for being here. we much appreciate it. see you soon.

>> thanks, stu. stuart: now this, a bbc report says the taliban are punishing hairdressers for shaving or trimming beards. just out of interest, what is the punishment for trimming a beard on a guy i guess in afghanistan? lauren: execution or amputation. nope. doesn't sound like the new improved taliban 2.0 to me. sounds harsh. stricter interpretation of sharia law. reports that the taliban are sending under cover inspectors to barbershops at a province helmand, if the barbers follow american hairstyles trimming the beard that is what could happen to them. i know. stuart: talk about a reign of terror, i couldn't think of anything worse. lauren: sheer terror. stuart: not particularly funny. lauren: not a funny story at all. stuart: big name retailers say they need more time before they can implement president biden's covid mandates. they're struggling to fill jobs ahead of the holidays. we have that story for you.

the return to normal delayed again. more businesses holding off on bringing back employees back to the office. we got a report on that too. big day. ♪.

♪ stuart: back on the show with wild thing. lauren: is that a remix? can't be the original. stuart: especially looking at racine, wisconsin, 73 degrees, sunny, nice place to be right now. the markets again, same story. we have a split picture, nice rally for the dow up 229. nasdaq is still down close to 100 points. that is because long-term interest rates, 10-year treasury are rising. technology companies don't do well. susan back with us. amazon is moving this morning. susan: the reason technology stocks don't do well as the yield goes up, looking more

risky, expensive when getting 1.50 on guaranteed government holdings. amazon getting a rare negative call on the stock. morgan stanley lowering the price target to 4100, down from 4300. still a lot of upside there, but their concerns cost of labor is rising. amazon hiring more, but lifting the minimal wage to 18 bucks an hour. stuart: not sure they get the workers they need. susan: exactly right. they are hiring 125,000. if you need a job. stuart: did they hire or want to hire them. susan: want to hire. stuart: they haven't got them yet. lockheed? susan: new pentagon deal. virtually every dow stock is higher, because the yield has gone up. first block for the f-18 super hornets for the navy as well. stuart: don't get that, interest rates up, a lot of stocks up. nikola. susan: 600 million-dollar stock

deal. nikola as been in trouble given its founder has been, has been charged on fraud charges and overstating the actual technology. stuart: let's get updated on day-to-day life in new york city because the vaccine mandate for new york city school workers supposed to begin today but a federal judge temporarily halted that order. so do we know what happens now? susan: well, look the vax or test mandate remains in effect until we have the three-judge panel decides what happens whether or not they get rid of the vaccine mandate. in new york city, 18% of systems, 150,000 employees have not shown proof of vaccination just yet? this is a lot of people that it impacts. they are saying the punishment to the mandate is draconian. people could lose jobs, benefits, senority, what does that mean for their families putting food on the table and their livelihoods. stuart: what if the people do not go to work in the school

system or? susan: harvard moved online with an outbreak of covid that was a headline that crossed. stuart: susan, thank you. more businesses delaying their return to the office. delaying it until next year. joe is with us. he is a real estate guy specializing in all kinds of real estate across the board, joins me now. can you get a handle for us how many are actually going back to the office in big cities like new york, l.a., chicago, boston? i don't think joe heard me. >> yes, i heard you. you got to look at the camera, joe. this is how television works. look at the camera, so i know you heard me. give me a run-down, back to work in the offices of these here united states. >> what is happening in the united states you have a lag in the reporting because the whole back to office movement is really just accelerating now.

you had sort of like the general reopening of the economy globally. you have that momentum, april, may, june. then delta slowed everything down. and i think that if you take a look at the covid statistics and you look at peoples attitudes for the first time people are feeling more comfortable to venture back out and so it is only i would say within the last week the staffs have not been captured. you won't see a lot of reporting of it. only been within the last week i would say we've seen this voracious appetite by people looking to get back into the offices and cities where they were more hesitant. then secondly, the leasing momentum we've seen over the last month has been explosive. it will take time until we see that. so you really have, i know today's agenda was supposed to be evergrande and china, you really have a dichotomy. china going through real estate pain and here in the united

states i think we're going to see very exciting, very bullish spirits coming out in the estate world. stuart: talk to me about china and evergrande. as we read more about the particular company, the chinese real estate market, it seems like it is real trouble and may be a bubble wasting to burst. what say you, joe? >> i actually feel the same. i'm concerned. you have multiple factors all hitting china at the same time in addition to obviously the country's initiative in terms of the business community but, 10-year bull market they have had there in the real estate cycle, probably the greatest real estate cycle the modern world has ever seen. you look at the shanghai business district. they have gone from zero office buildings, 10, 25 years ago, to more office buildings than new york. you see them building ghost cities which alarm bells should have rang. why are they building city of a

city of a city without humans inside of them? and all of that came together to bring risk. you look at spain in 2006. 11% of gdp was spent on fixed assets. japan in 1998, the 6% of fixed asset investment. shockingly at the peak of china, they spent 40% on gdp investment. that coming together is scary. you multiply it by you know, them trying to lock the doors so to speak with the crypto initiative to prevent money from running out. then layer on top of that, always has an effect on geopolitics. i mentioned on this show many times over many years the society's trapped. where you have one great new power coming in the world and the old one trying to hold on and that office agreement, while might be positive in many ways, people within the asian

community but global markets, global money, all of sudden people start thinking, hey, what happens if they do attack taiwan? what happens to my money invested in china? so a lot of scary things coming together there at the same time. stuart: joe sitt we'll see you soon. joe sitt, thor equities. now big companies are calling on president biden to delay implementing vaccine, test mandates ahead of the holiday season. grady trimble back with us again. what do retailers want exactly? reporter: they want 90 days from when this osha guidance comes downwhen they actually have to implement this vaccine and testing mandate. the two largest industry groups in the country representing some of the biggest retailers like target, walmart, you name it, they're represented by these groups, they see two major challenges.

one is holiday hiring. the other is practical administration of implementing such a broad mandate. there are 4 million retail employees will need to be tested weekly. they don't know who is going to pay for that. they don't know what they should do if somebody refuses the vaccine and refuses testing. that is why the two groups say the white house and retailers would both benefit from more time. >> we think we could achieve the administration's goal which is broader adoption of the vaccinations more effectively, more efficiently with a lot less cost and a lot less drama but unfortunately at least to this point they're choosing to go the ready, fire, aim path. reporter: of course the retailers are fear up for an extremely busy holiday season. that means they need to hire a combined hundreds of thousands of workers across companies like target, walmart, macy's and

kohl's. stuart, if the retailers are not able to hire, then that will impact the consume us, as well as we head into the holiday season. stuart: got it, grady, thanks very much indeed. moving on, tesla giving more drivers access to its self-driving program despite some serious safety concerns. we've got that story for you. gas prices remain high. and the administration wants to slap new regulations on the oil and gas industry. what does that mean for your wallet? i will till you. higher prices at the pump and it is called inflation. details after this. no ♪.

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stuart: the dow jones average is now up 240. the nasdaq is down 74. a little narrowing of the gap

there. look at oil, please. i believe it has gone to $75 a barrel. yes it has. goldman sachs has hiked its oil target price. to what? lauren: $90 by the end of the year. that is an increase in $10. the reason is the lingering impact of hurricane ida on supply. up tick of demand particularly in asia. global demand is expected to return to the 2019 precovid levels in 2022. stuart: you go to $90 a barrel for oil. you go to 3.50 a gallon for regular gasoline. that is my suggestion. lauren: 3.18, 3.19. increase of 30 cents is what you're saying? stuart: that is, i shouldn't forecast. if you go to 90 bucks, gas prices go up. president biden will take aim at the oil industry. slapping on more regulations. lid yoo-hoo in new jersey for us. lydia, does this mean gas prices are going higher from here?

reporter: stuart, if the regulations become finalized, gas prices will go higher. that is what the experts are tell me. prices are already high, 3.19 national average. here in secaucus, 3.3. gas costs 40% more than than it does a year ago. the environmental protection agency confirmed with fox business they are reviewing a proposed rule that will create new standards to address methane emissions from existing sources. stu, the proposal is getting support from major players in the oil and gas industry, like the american petroleum institute that is the industry's largest loblying group. they say they're working with the administration. there is no timeline when this rule could be finalized but it could take years before it comes into effect. what could happen much sooner, stu, it is drawing concern and criticism from the industry, is what democrats are doing in the 3 1/2 trillion dollar reconciliation package. the democrats including methane

emissions reduction act which will charge companies fees for their methane's emissions. now the oil lobby estimates that fee alone could cost the economy more than nine billion dollars and as many as 90,000 jobs if that becomes finalized. stu, the experts say between this proposed rule and those legislative fees, these costs ultimately will be passed along to the consumer which will drive prices higher at the gas pump. stuart: those methane fees are designed to drive fracking out of business. i think that is what the administration wants. lydia, good stuff. see you soon. thank you. mike rowe, he has has a new show on fox business prime. it is called "how america works." it is about how the oil industry affects the lives of americans t airs tonight 8:00 p.m. eastern. mike rowe. show me tesla, please. interesting story here. they will open up self-driving cars or self-driving i should say in america's cities that

would seem to be quite a difficult thing to pull off, in a city? lauren: i would be scared. but now with the press after button tesla owners can request full self-driving and on city streets which makes it even crazier. it is in the beta form. which means features are on it that are not debugged. supposed to keep hands on the wheel should you take over and not trust the self-driving to navigate around many vehicles, bicyclists, you name it. you have to have a high safety score in order to get this feature. i think you have to be daring too. this is definitely a controversial move by tesla but they want to get their full self-driving out there. they need to debug the system. make sure everything works. stuart: fast as possible. lauren: a cash cow for them too. you know what it costs? $10,000 up front. 200 a month after that. stuart: i would save the money. if i'm driving in a city i would drive myself. lauren: that is how i feel. if you have the opportunity to

have the steering wheel turned for but keep your hands on the wheel you might as well drive it your seven, right? now like i can put my makeup on while i'm driving. stuart: never do that. cdc director weighed in how you should celebrate halloween. we will tell you what she has to say. taking the woke out of work. one job posting site, fighting back against cancel culture in the work place. the ceo of that company is next. ♪. dad, we got this. 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 as someone with hearing loss i know what a confusing and frustrating experience getting hearing aids can be, that's why i founded lively. high quality

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stuart: look at that, the nasdaq is coming back a bit. i'd say about an hour ago the nasdaqs with down 140, 150 points. now you're down 63. a little narrowing of the losses on the nasdaq. quickly i have a programing note for you, a new episode of my fox business prime show, american built, it airs tonight. take a look, please. ♪. >> there was a place for the worst of the worst. stuart: no prison is more infamous than the one perched on that tiny island in

san francisco bay. the job? build a prison for america's most dangerous men. >> just gave him the term public enemy number one. stuart: the site? a tiny island in shark-infested waters. >> a prison within a prison in a very remote, difficult location. stuart: hard time on a big rock. alcatraz. amazing isn't it. a guy with a british accent can front a show called "american built." fox is great. you can watch new episodes every monday at 9:00 p.m. eastern right here on fox business. okay, moving on. red balloon, that is a new job posting site. companies which want or need a position filled post on this site. they don't care who you are, can you get the job done. i believe that is what it is all about. the founder and ceo of red balloon is andrew who joins us now. have i got this right? let me see if i got this right. it is a job posting site where

applicants are judged on their ability to do the job, not their identity, is that it? >> i mean that's the thesis a lot of america was based on is, what if we had the freedom to focus on work and what performance do i bring to the company. how can i make the company money, not say the right woke things or have the right vaccination status or right pronoun in front of my name, what if i focus on getting the job done? stuart: is it possible some of the jobs available will be available to racist, to take an extreme. you're laughing is that what might happen? >> it's a concern. we had one company came on wanted to post jobs. they would only accept employees who were not vaccinated for covid-19. we said no that is not freedom either. we want to focus on freedom. we want american families to support their families. we want them to be able to live

well. we want them to focus on work. really that is our focus is freedom and not trying to judge someone based on you know where their political stances are. stuart: what kind of jobs are being advertised? >> well, stu, i only started the site actually two month ago and i was just going to start it as a local job board, but the demand for freedom around this country has really struck a nerve. so now we have jobs everything from construction jobs to high-tech industry jobs, to sales, and project management jobs and they're all over the country. obviously because it is only two months old we don't have millions of employers and millions of jobs but the demand right now is so high. i'm getting notes from nurses all over the country who are leaving their jobs because of vaccination mandate and the government overreach and what's really sad is when i hear from nurses who say you know what? i've been a nurse for 20 years. i no longer even want to be a nurse because six months ago i

was hero. people would clap for me when i was on the street. today i'm being shown the door because i have questions about this vaccine and i'm not allowed to work anymore. so we're getting jobs all over the place. we're getting really good people. it is also the only business where i ever have been involved in, thank you notes, literally dozens a stay from perfect strangers, thank you for standing up for freedom. thank you for giving us a spot where we can have the opportunity to work and really focus on bringing value to our employer. stuart: if you're a woke company, i will not name any names, if you're a woke company you wouldn't be advertising positions available on your site, would they? >> well they wouldn't be. obviously they can. what we do, we ask the employers to sign a pledge. we ask them to sign a pledge, to treat their employees like adults to allow them to make decisions for themselves. we're strong believers you should have a conversation with your medical provider, not your

hr department about what you put in your body. we have them sign a pledge. we go through and filter a little bit to make sure they actually mean that pledge. as long as they're willing to sign the pledge you're welcome to post jobs on the site and get access what i would argue are the best kind of workers, who will not be a bunch of hr complaints but simply work. stuart: andrew, we wish you well, founder and ceo of red balloon. thanks very much for being here, andrew. >> thanks for having me. stuart: thank you. the director of the cdc weighing in on kids trick-or-treating. what is she saying? lauren: saying go in small groups. very quickly before i let you go, should kids go trick-or-treating on halloween, is it safe? >> oh, gosh, i certainly hope so. if you're able to be outdoors, absolutely. limit crowds. but i think we should let our kids go trick-or-treating in small groups and i hope that we can do that this year. lauren: i've been waiting for the rules and regulations and

backlash against parents taking kids trick-or-treating this year. i haven't seen it. i think much of the country is saying okay, it's safe. it is safe for kids to go it. might want to avoid the crowded indoor halloween party but outside they have masks on any way. stuart: you taking all three? lauren: i am. not sure of the costumes. stuart: miranda devine ahead, major general michael maguire, governor of arkansas, asa hutchinson. i said it before, i say it again, the media is beginning to turn on president biden. nice uncle joe ain't turning out so nice. that is my take and it's nice. ♪. retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee.

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realizing you don't have to have big dollars for these new entitlements you want to put on. i think that's what you're to going to see, you know the bad stuff's going to be in there. ♪ -- now i'm on the outside ♪♪ stuart: 11:00 eastern time. it is monday, september 27th. get straight to the markets, please. we've moderated the gain on the dow. it was up 250, now it's 150. we've moderated the loss on the nasdaq, it was down 150, now it's down 80. so sort of a coming together there. we look at the 10-year treasury yield, it's at 1.47% now, it had been at 1.51, and that really upset big tech. all the big tech companies are still in the red, very much so. they don't like higher long-term interest rates, and they're all down as of right now.

and now this. they're getting worried about the biden/harris team. the media that so hated trump is beginning to realize that loving uncle joe is not easy. you know, i nearly fell off my chair when i saw this on sunday morning: biden's inherent weakness is that he's an old man. see that? an old man suffering from some manifest deficits. that was in "the new york times" in an op-ed titled can joe biden recover. old man, in the times? they're worried that he won't finish his term and that the democrats will be stuck with a president harris. and when president biden said all this spending would actually cost nothing, zero, as he put it, the media barely covered it because it was just such a stretch. that is incredible. who believes that vast new entitlement programs will only cost $3.5 trillion? free pre-k, free community college, free childcare, free medicare expansion plus the green new deal?

to claim that you can do all of that with just a couple of trillion, that verges on fraud. who believes the rich and big corporations will pay for it all? get real, please. who thinks only, who thinks that huge new taxes on businesses will have no impact on employment or wages? who on wall street thinks it's okay for the president to seize wealth and double the capital gains tax? anied idea what that would do to your 401(k)? the media, the bankers, the financial community, the educated, they all supported biden because they don't like trump, and now they're starting to understand that he is, indeed, an old man, that he is cognitively challenged and that his policies lead to ruin and, more importantly, a big election loss. and they don't want him to lose in 2022. they're beginning to turn on him, but there's three and a half more years left. the third hour of varney and company just about to begin. ♪ ♪

stuart: miranda devine joins us now. miranda, it's always good to see you. you're in the media, as we know, new york post, and you are calling out the administration for lying. that is a very strong word to use. what do you justify it, miranda? >> well, it's hard not to use that word when there's just such a litany of lies that emanates from the biden white house every single day. it's very hard to keep up with it. really i just looked at friday, the press conference that i actually sat in on where you had alexander mayorkas from homeland security and jen psaki both telling untruth after untruth. so let's just go with a few of -- oh, and, sorry, the same day, friday, you had joe biden giving his little speech and press conference where he also told a bunch of untruths starting with saying that the

border agents on horseback were, you know, whipping those migrants, which they were not. and saying that they will pay. that's a dreadful way to behave. jen psaki, she says that russian disinformation, yes, she agreed, she's still keeping to that story about hunter biden's laptop. and you have alexander mayorkas who is saying that the border is closed, and he is saying -- agreeing with the reporter who says that the whipping, the horse whip was used on a migrant and says that's horrible. and then says that the president making these comments is not going to prejudge the investigation into the border agents. and he then told us that those del rio migrants under the bridge, 17,000 of them, of those 5,000 are still being processed and 10-12,000 will remain in

america. so the border is not closed. and then you also had joe biden, another lie, telling us that his $3.5 trillion social welfare package that you were just talking about, the cost is zero. so, you know, it's very hard not to call out lies for what they are. stuart: well, my premise in midtorial a moment ago is that the media -- my editorial, is that the media, bankers are just beginning to turn on the president. would you agree with that? do you see signs of the beginnings of a turn against this president in. >> yes. look, it happened with afghanistan and the withdrawal was so bungled that so many in journalism in the past 20 years have been to afghanistan, have covered it as their beat, covered the pentagon, and they knew that this was an almighty debacle and very damaging to america's interests. and very damaging in betraying of our afghan allies and the

american citizens left behind that another lie joe biden said would not be heft behind. and so i think -- left behind. so i think that was the beginning of the rot. and then there was the drone strike, you know? it took the pentagon two weeks to admit what reporters on the ground were already telling us which the new york times had incontrovertible evidence in terms of video footage showing that ten innocent people were killed with that drone strike on the 29th of august that we were told was a righteous strike that was hitting isis-k. so i think that was the beginning. but also at the same time you have everything going wrong in the country. i mean, inflation if, people are feeling that in their hip pocket. the sort of unity and competence that joe biden promised has not come to fruition, and so the polls are going south for joe biden particularly among independents. i mean, we just saw from january

until september his approval rating has dropped, according to gallup are, by 24 points. and today there was a rasmussening poll which showed that 59% of american voters believe that the pandemic was used by the radical left as a trojan horse to smuggle in permanent socialism. only 30% don't believe that. stuart: you've lost the media and you've lost independent voters. you've got a real problem on your hands. miranda devine, thanks for joining us. see you again soon. >> thanks, stuart. stuart: sure. show me the markets again. the same process is going on here. the dow is up 150, the nasdaq's down, sort of a coming together. keith fitz joins us right now. keith, there's a big selloff today in big tech. why? is it just because the yield on the 10-year treasury is up, or is there something else going

on? >> that's it, but not for reasons people think. the common story, stuart, is these companies are more subject to inflation, but the reality is all of those names are concentrated for big, highly leveraged trade thers. imagine the neighborhood of $ing 5-10 million houses. if the federal government suddenly took mortgage rates to 5-10% a year, you'd see all these people selling their houses as fast as they could so they didn't lose them. that that's why big tech sells off so hard when treasuries rise. stuart: are you buying this big tech dip? >> not today. i'm sitting this one out because there's a lot of cross-currents, but i'm watching carefully. apple's the one i'm focused on most keenly. stuart: it's very hard to see a sustained upside move for stocks in general at this point when you've got hell week in congress, rising inflation, and, i mean, i could list the negatives, but there's plenty of negatives. it's hard to see how the market overall could just go straight up like that. you're not forecasting that, are

you? >> no. you know, it's never going to be a straight journey, this year in particular when we've got congress which i think needs to be locked in a room somewhere until they can actually do their jobs which is a different scenario. we've got a reemergence from covid, we've got to get through that, but crisis is an opportunity, and you've got to focus on companies where the business case makes sense that are already on the other side of these things, not the ones that are going to get caught in the middle. stuart: keith fitz, i know you jumped in at the last moment today, we appreciate that. good stuff. let's get to some of the movers. carnival, 4% up, that's nice. >> yeah. 15% in the past five days. so they set sail from the port of los angeles over the weekend for the first time since last year, and they reported that their third quarter voyages, cash flow positive. it's also supporting the reopening, vaccinations, norwegian is up a 15% in the past five days and some of the airlines like delta and american, they're up at least 7%

in that time. stuart: looks like the return is coming for travel. >> let's not jinx it -- [laughter] but it looks like we might be at that point. stuart: okay. tell me about best buy. i think it's up today, yes, it is. 5%. >> yes. piper standler really likes their new membership program, unlimited tech support for $200 a year. i know. they named it a best idea stock pick, and it's at 110 now, their price target is at 150. stuart: i'll pay the $200 for that. craft hines, they're up 1.5% -- kraft heinz. >> this is as they expand their sauces, their seasonings worldwide. stuart: the governor of arkansas, that is asa hutchinson, he wants a meeting with the president. what does he want from that meeting? he's on the show, and i will ask him what do you want from a meeting on the border with the president? how much digging have you done

into the $3.5 trillion spending bill? we've done a lot. there's billions for tree planting and something called tree equity. it gets worse from there. we've got the full story, believe me. starting today health care workers in new york could lose their jobs for refusing the vaccine. the governor considers calling in the national guard to fill hospital staff shortages. it's come to that. good heavens. ♪♪ it's up to you, new york, new york ♪♪

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stuart: okay. money machine. well, why not? that's capitol hill, of course. it's hell week in our nation's capital this week. by the way, 73 degrees right now. looks rather like a nice day, doesn't it? democrats have just released the full text of their spending package. it's got a lot of people scratching their heads. aishah hasnie is on capitol hill. tell me some the items that are crammed into this plan, go ahead. [laughter] >> reporter: hey, stuart, good morning to you. this is, i would call it a progressive wish list, and it's still being worked out, it's being written as we speak here. so let's take a look at some of the items that we flagged. here we go. $79 billion goes to the irs to strengthen tax enforcement and, stuart, you know that means they're coming after you. $12 billion for electric cars for your mailman and and federal employees. $3 billion for tree equity. what the heck is that? that's planting trees in the communities that need them the most. $4 billion for distance learning in schools.

throw in a couple more million, 74 million, for resources for minorities, people with gender identity issues and 25 million more for bias training. here's the thing, this is not the final version. so much of this bill hasn't even been priced out yet like expanding medicaid and medicare. these are big ticket items that will likely cost hundreds of billions of dollars, so we're looking at the likelihood, stuart, that this bill actually skyrockets over $3.5 trillion. that's going to tick off a lot of moderates. don't forget nancy pelosi, she tied a vote on this bill to a vote with the bipartisan infrastructure bill now delayed until thursday, and progressives don't seem very hopeful about all of this. >> the votes aren't there -- >> the votes aren't there. >> are you close at all? >> well, i think we're finally talking which is important, because that hasn't been happening for the last couple of months. >> reporter: talking, stuart. and nancy pelosi said this week let's not talk about the numbers, let's talk about the

value. but the numbers are exactly what's holding all of this up. stuart? stuart: you know what? i think you really have to pass this bill to see what's in it, but that's just me. that was sarcasm, and i a shall never do it again, but great report. thanks cell very much. it's deadline day for health care workers to get vaccinated in new york. if they don't get the jab, they could lose their jobs. major general michael mcguire is with us now. sir, the governor might call in the national guard to fill staff shortages in hospitals. what do you make of that? >> good morning, stuart. what i make of it is i'm surprised the governor of new york, with the support, i'm sure, of the president of the united states, will get funding to bring national guardsmen to help give injections when president biden and his administration have not spent a dime of similar federal funding to support our great border patrol agents down here in arizona. and these people are clearly not serious about public health when

it's easier to traffic a 9-year-old girl across the border in arizona into the sex trade, stuart, than it is to lunch in los angeles -- to get lunch in los angeles right now. stuart: this is all about the vaccine mandate, forcing people to get the jab whether it's teachers or health care workers. the downside to this is that maybe 10 or even 15 or perhaps even 20% of these vital workers won't show up. is there any suggestion that maybe the president back off from these mandates just a little? because it's going to be very disruptive. >> oh, you bet. look at what's happening, stuart. the biden administration has created a crisis when there is no crisis. with total collapse in kabul, the border is open, and now you're forcing our great front-line health care workers to walk away after they've been fighting covid for 18 months. when i was the commanding general here in arizona just five months ago, we talked about

how we could not afford to bring them on duty as guardsmen to meet the requirements for other people in the state because it was a zero sum game. now you're literally pushing them out, and and you're going to have people that are left without health care options. the things the guard could do with medics giving injections is absolutely fine, and we did it in the past for those that voluntarily wanted to get the vaccine. but using the guard against the people we're sworn to protect and defend if they don't want to get the vaccine is a terrible idea. stuart: you are the chair of the national guard association, i believe. tell me just real fast, what's the general opinion amongst the national guard commitment, if you want to put it like that, towards using national guard as bus drivers, hospital workers or anything else to fill in for labor shortage? what's the general feeling? >> well, the general opinion is we always fill the gap, we are always ready, always there. but we never, ever, ever are seen as a force counter to our

great citizens. yet we ask 26,000 of them to protect and police and defend the citizens they're sworn to protect and defend after january 6th without proper legal authorization, and now you're potentially putting them in a situation where they are going to fill in the gaps for people that have real objections to getting the vaccine with no authority for them to be a position to give vaccines to individuals. it's just a tough spot, and we do not want to turn guardsmen against the people we're sworn to protect and defend. we're the voice of surety that delivers food, ice and water, we are not the voice of the group that gives overreach, federal mandates and inhibits your personal liberties. stuart we understand that. major general michael mcdwyer, thanks for being here, see you again soon. >> thanks, stuart. stuart: protesters are pushing back in new york city. ashley, tell he more about

this -- me more about this. >> well, a group of protesters inside a food court in staten island that requires residents to show proof of vaccination, chanting my body, my choice. the maskless crowd also waved american flags. one protester said, quote, we shouldn't be carrying papers and showing papers because we live in america. we are the land of the free. organizers say the demonstrators were not asked the show vaccine cards despite a sign at the entrance stating its requirement, proving, they say, that the mandate is unenforceable which they also claim is already without legal standing. fighting back, stu. stuart: interesting stuff. all right, thanks, ashley. let's take a look at the dow winners. there are a few up there. dow inc., chevron, goldman sachs. the price of oil is up, a lot of oil companies doing well today. goldman sachs is up because interest rates are up. there's a lot of banks doing well today. these are the s&p 500 winners.

again, occidental, peak, you've got 'em all up there. oil's $75 a barrel, up go the oil stocks. nasdaq winners headed by dollar tree. tesla's in there and so is marriott international. and then there's this, angela merkel's alliance party this germany just suffered a narrow defeat at the hands of the social democratic party. ashley are, come back in, please. looks like the status quo. not much change. what do you think? >> not really. but there's nothing like german politics to get you fired up on a monday morning. it has been billed as one of germany's most significant votes in recent years. 16 years as german chancellor, angela merkel will now be stepping down, as you say, her right-leaning alliance came in second, 24% of the vote of the center-left social democratic party's near 26%, but it does represent a big change because over the years the conservatives have dominated politics going all the way back to 1949. so now we can expect weeks, even

months of efforts to separate parties and to try and form a coalition government. the next chancellor, by the way, will be voted in by the german parliament after a coalition government with has been formed. but from a -- point of view, stu, fears of a left-leaning alliance just didn't materialize, so that's good for the markets. stuart: i'm loving because you -- laughing because you said there's nothing like german politics to fire you up on a monday morning. [laughter] if i've got something to say. there are now more -- workers than dentists in this country. why hundreds of thousands of people are signing up to work at pot shops. good story. the hosts of "the view" are back at work after this covid scare. it was before an interview with the vice president. watch this, please. >> i need the two of you to step off for a second.

>> okay. >> what happened is that sunny and ana both apparently tested positive for covid. stuart: we've got more on this mess. the hosts just spoke out, we've got the video, and we will show it to you next. ♪ -- just like a sir can cuts. ♪ just like a circus ♪♪ i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com

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♪ i'm hooked on a feeling -- ♪ i'm high on believing that you're this love with me -- stuart: a thousand or so? i don't even know a thousand songs. [laughter] that's a nice view of chicago where it is 74 degrees. looks like it's really nice, early fall weather. i like that. as for the markets, well, we're down -- we're up a 150 on the dow, down 90 on the nasdaq. and i see disney moving this morning. not that much, but it is moving. >> it's moving, about 1.5% up, so that's good. [laughter] the marvel movie, fourth straight week at number one at the u.s. box office, the highest grossing domestic film of the

entire covid era, making almost $200 million so far in its first month on the big screen. stuart: you went to the movies, you bought your ticket -- >> yeah. and the popcorn. there you go. also reopening play as well with the theme parks, of course. stuart: that's true. tetes la, put it up -- tesla, put it up on the screen, please. doing very well. >> outperforming the nasdaq. look at that, we're so close to $800 once again. we haven't seen 900 since, i think, the springtime. elon musk apparently writing an e-mail saying this will be the most intense delivery week, according to reports, ever. analysts expect them to top 500,000 plus in deliveries this year after that record 2020. want to check out the other electric car plays? stuart: yeah, because they're the competition. >> they're doing well in this 10-year yield environmentcross crossing 1.50.

the hydrogen power maker outperforming the selloff on the nasdaq because, look, it's a green climate change and climate spending environment that we're in. stuart: so we've got the yield on the 10-year treasury early this morning hitting 1.51 -- >> first time ever since june, yeah -- stuart: and that's good for what you call value plays. okay. so we're up 150 on the dow and down about 90 now on the nasdaq. a split market. you good with that? >> yes, i like that. recovering. >> thanks, susan. the hosts of "the view" are speak out after testing positive for covid right before an interview with the vice president. roll that tape, please. >> we were all given numerous, numerous covid tests -- [laughter] i mean, so many -- >> my nostrils are so sensitive -- [laughter] >> sunny and ana's friday results turned out to be false positives, and everyone is safe. [cheers and applause] >> mistakes were made, but i can

confidently say we have a very vigorous safety protocol, that everyone is regularly tested, and i'm just so relieved that you guys are healthy. stuart: well, i'm just intrigued that sunny hostin did not get to ask questions of the vice president. sunny

everywhere -- [laughter] are you'd think you would get some tough questions, nothing. stuart: you follow the media, and i put out this administratin collapsing. the wheels are an editorial this morning that the media is just beginning to turn on president biden. hold on a second, brent. watch this for a second.

>> he is facing a political peril. >> they view president biden as treating haitian migrant withs worse than former president trump. >> the biden administration has its hands full, for sure, with crises that are multiplying. stuart: and in "the new york times" on sunday morning, the president was dismissed as just an old man. is this the beginnings of a turn, brent? >> depends. it depends how serious they see it. if they see it where the agenda, his agenda -- their agenda -- is going to be derailed. they're going to back off. look, there's also a lot of pressure coming from the most radical elements of the far left that are saying to him 99% is not good enough. you have to do 100%. you can't -- when all the wheels are coming off the truck, all 18 wheels are coming off, you've got to do some kind of reporting on there. but what i'm seeing out there in no way raises, rises to the

level of importance of what is going on in this country. you won't see stories, virtually no stories are coming it. all the stories that we've seen about those horses and the border patrol agents, where are all the stories about the hundreds of thousands of people pour toking in every month illegally -- pouring in every month if illegally? those aren't being covered. they're being very, very selective. stuart: keep on them, brent, please. you're doing god's own work. [laughter] thanks very much, brent bozell. we just got this coming at us. at 1 p.m. eastern, president biden will receive his covid booster shot and make remarks. 1 p.m. eastern today. now this, we know there's a shortage of retail and restaurant workers. now we know where some of those workers have been going. ashley, they're in marijuana land, aren't they? [laughter] >> yes, they are. you know, the pot industry has been riding a pandemic high in every sense. an estimated 321,000 americans now work in the legal cannabis

industry. that outnumbers the number of country's dentists, paramedics and electrical engineers. marijuana dispensaries and cultivation facilities became an early refuge for retail and restaurant workers who had been furloughed or laid off in the pandemic. the industry added nearly 80,000 jobs last year, more than double the year before, and overall the total number of pot employees has jumped 32% in the last year. what is the big attraction? obviously, there are openings, but hourly pay at dispensaries runs from about $12-15. that's in line with most retail and is warehouse jobs, but entry-level workers can often move up in less than a year to more specialized positions. so that is an attraction. you can move up faster. stuart: we just showed you -- you're at -- >> i just saw that. stuart: how long did it take to get the smell off of you? >> i would not have wanted to go through an airport with those

dog sniffers for quite a while. [laughter] stuart: he'll be back. panicked buying causing long lines and gas shortages in england. the situation so bad that they might call in the army to help out. what's behind that? we'll try to tell you. mexico cracking down on haitian migrants. they've detained thousands trying to make it to the u.s. griff jenkins has the report from mexico. he's next. ♪ it's just a shout away, it's just a shout away ♪♪

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only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ >> of the 17,400 that weren't deported back or didn't return on their own to mexico, how many of them -- well, first, how many have been released into the u.s.? >> it's about 10,000 or so, 12,000. it could be even higher. the number that are returned could be even higher. stuart: 12,000, even higher. not tested for covid in our country as we speak. and there's more news here. we have reports that say thousands more haitian migrants are on the way. griff jenkins is in mexico.

he's been speaking with the migrants themselves. what are they telling you, griff? >> reporter: stuart, they're telling me that they want to go to the united states. and here we are in the southernmost city in mexico where my grants cross -- migrants cross from guatemala into mexico. every one of those haitians released in the u.s. first crossed into this city on their journey north, and there are -- officials say -- more than 10,000 haitians in this city right here. outside of this office every day, which is the office for refugee assistance that gives the migrants their a paperwork so that they can work in mexico temporarily while they seek asylum and also move freely around the interior of mexico which means that they will head north. now, the haitians we talked the here on the ground tell me, they describe this situation as a, quote, prison, stuart, because they said they cannot find work,

they cannot find places to stay, they cannot find help. but here's the thing, all these migrants are not just haitians. we spoke to a gentleman from ghana earlier, i just spoke from a gentleman from vens wail a la -- venezuela with his wife and daughter, and the fact that 12,000 plus migrants were just released into the u.s., that sends a message on facebook, on social media to those who want to continue that, ultimately, no matter how bad it gets in their journey, they can and will succeed. however, the haitians did acknowledge that they were aware some 2,000 plus haitians were deported, and for that they said they're upset with president biden. stuart? stuart: all right. we hear you. griff jenkins, thanks very much. 26 republican governors are demanding a meeting with president biden about the crisis on the border. one of those governors is asa hutchinson, governor of the great state of arkansas, who joins me now. governor, what do you want to get out of this meeting?

do you want the to control the border? because he's not going to do that. what else are you looking for? >> we want it to be a constructive meeting, first of all, where we're looking at ideas, and we are not simply complaining about what's happening at the border, but we have constructive policy suggestions for him which is to reinstate some of the trump or policies that were in place. we need to put more resources there. we need to back up our border patrol, and we're emphasizing that this is not just a national issue, but it is each state. these are governors that have signed this letter from arizona to massachusetts, and it impacts our states wherever you have 10,000 that are released which is an extraordinary number. that's a burden on services, on our health care system, on our worker system. and it, obviously, is an enticement for others to come, as you just pointed out. so this has to end. a stronger statement needs to be head. we want to to be of assistance

to accomplish that. stuart: when the refugees, when they come to your state like arkansas, for example, you have to pay for education, housing, medical services, you've got to pay for all of that. are you asking for financial help from the government? >> well, we're not asking for financial help now. certainly, texas needs that. those border states. and they also need to put additional resources. and if you put more resources along the border, that sends a signal that it's not going to be open for illegal aliens coming across it, undocumented aliens coming across s and we're going to put an end to it. in terms of our reimbursement, this is a burden on the system, but we can manage it. we just want to make sure that this stops for the future. stuart: you've not heard whether the president will hold the meeting with you guys, correct?

>> that's correct. there hasn't been a response, and i have a good relationship with secretary mayorkas, and i know that there will be opportunities, hopefully, to present our case to them because it impacts, again, every state. it's extraordinary to have 26 governors join together on a common statement, expression of concern along the border. it's a humanitarian crisis as well as an economic issue. stuart: got it. governor iowas a saw hutchinson -- asa hutchinson, thanks very much for being here. >> great to be with you. stuart: i'm going to change the subject to something which i find incredible. it's a fuel shortage in britain. up to 90% of gas stations are reportedly empty. ashley, that shuts down the whole country, doesn't it? >> it does. look, we've seen a weekend of panic buying in the u.k. which, indeed, has left gas stations without the country without fuel. drivers trying to fill their tanks following media reports of an impending shortage followed by lack of truck drivers to

deliver the fuel and goods. sound familiar? now british prime minister boris johnson is reportedly considering using military personnel to deliver fuel to gas stations. the u.k. government also set to grant temporary u.k. visas to truck drivers from the continent to help boost those domestic supplies. now, some larger gasoline retailers 50-90% of pumps in english cities are running dry. oil giant bp has temporarily closed some of its gas stations due to shortages of unleaded and diesel petrol. it is a mess. the government says there is not really a shortage. yes, there may be some problems with getting supplies in, but you know what? once the panic begins, once the genie's out of the bottle, you can't put it back in. stuart: no, you can't. that's a fact. ashley, good stuff. look at the dow 30, it's a fairly even split between winners and losers, the dow's up 10.

days after a bomb -- up 120. >> facebook is delaying plans to launch an instagram for kids. jackie deangelis has our report after this. ♪ we're the kids in america, we're the kids in america -- ♪ everybody are your hr processes weighing down your employees? on to quarterly projections! expense report! if you're using multiple systems, re-entering data over and over time sheet! using email and spreadsheets to manage information and approvals, then your hr systems are a drag on productive time. with paycom, employees enter and manage their own hr data in a single,

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♪ if. ♪ ♪ stuart: we usually show you the golden gate bridge when we're showing you san francisco, we thought we'd do something different. that's highway 101 heading south out of the city. i think, but i'm not sure. anyway, facebook -- this is getting serious here -- pausing its plan for an instagram for kids, pausing it. jackie deangelis here. what happened? >> good morning. well, the timing on this is certainly questionable, right? facebook is the owner of instagram, they're hitting the pause button. now, remember, this comes after "the wall street journal" reported that they were giving preferential treatment to some of the users, and they also said mark zuckerberg knows instagram has a bad impact on teenage girls. the development for younger kids

was supposed to be for little kids, tweens, ages 10-12, and it would have parental controls. it would also be adless. but in the age of social media, we've within asking the question for -- been asking the question for young people, how much is too much? does it encourage negative feelings, bullying, that kind of thing? quote: we're going to take time to work with parents, policymakers, regulators, experts to demonstrate why the project is valuable. critics will see this as a concession that the project is a bad idea. that's not it. end quote. but, of course, after the recent backlash over these other issues, it's difficult not to see this pause as a bit of a pr move here. critics say kids are getting smartphones as younger ages, they're going to be the target even earlier. even if this app is adless, they keep you hooked for life. stuart: good point. kids are getting these smartphones at a younger and younger age. i'm not sure what the age is now, but i think it's going

towards 7, 6 -- >> oh, yeah. i've heard even younger than that, and we don't know what the impact is going to be on kids as they are developing their sort of mental capacity. stuart: all right, look at this, my new fox business prime show, american built, that's the name of it, airs tonight. here's a preview of what's coming up. roll it. the cold war was a white knuckle standoff between the world's superpower. a nazi defector -- >> there's simply no way to imagine the rocket without him. stuart: the ultimate test of lord genius and pure guts. the explosive story behind the world's most powerful rocket, the saturn v. that's on tonight. you can watch new episodes every monday at 9 p.m. eastern right here on fox business. all right, you know what time it is, 11:55. the trivia question. i like this one, i have no clue, the answer. which food is the most stolen in the world? the answer when we come back.

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i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones stuart: we just asked you, which food is the most stolen in the world? the answer astonishing me. the answer is cheese. "time" magazine says that roughly 4% of the world's cheese is stolen every year. my question is, how do you steal cheese? what do you do, stick it in your

pocket or something? knock off an entire dairy. wheels off it. roll it down the hill? how do you steal 4% of the world's cheese. i'm astonished the cheese is the most stolen food in the world. we'll have a chat with our producers here. i thought it might be candy. apparently not. my time is up david asman in for neal. david: thank you so much. i wonder how much good they steal and which food is stolen more often. i'm david asman in for neil cavuto. the dow kicks off the last week of september in the green. that is good news. some top headlines we're watching for you. democrats heading for a spending showdown as president biden's 3.5, to five or send 6 trillion-dollar budget bill hanging in the balance. we have a copy of the bill.